Optas LLC Acquires 121 Shares of General Dynamics Corporation $GD

Optas LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 16.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 879 shares of the aerospace company’s stock after acquiring an additional 121 shares during the period. Optas LLC’s holdings in General Dynamics were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Guys Formula LLC bought a new stake in shares of General Dynamics during the 1st quarter worth approximately $1,692,000. Advisory Resource Group lifted its holdings in shares of General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company’s stock worth $5,234,000 after acquiring an additional 1,276 shares during the period. Mission Wealth Management LP lifted its holdings in shares of General Dynamics by 18.9% during the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company’s stock worth $4,401,000 after acquiring an additional 2,568 shares during the period. Matrix Asset Advisors Inc. NY lifted its holdings in shares of General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company’s stock worth $9,171,000 after acquiring an additional 8,073 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in General Dynamics by 11.5% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock valued at $4,504,000 after purchasing an additional 1,704 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the sale, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock valued at $86,414,503 over the last 90 days. 1.50% of the stock is owned by company insiders.

General Dynamics Trading Down 1.0%

Shares of NYSE GD opened at $342.81 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The firm has a 50 day moving average price of $324.48 and a two-hundred day moving average price of $296.30. The stock has a market cap of $92.21 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.47.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the company posted $3.26 EPS. The company’s revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 40.27%.

Wall Street Analysts Forecast Growth

GD has been the subject of several research reports. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Citigroup increased their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. UBS Group increased their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. TD Cowen increased their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Finally, Susquehanna increased their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $319.00.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.