Callan Family Office LLC Purchases 3,863 Shares of General Dynamics Corporation $GD

Callan Family Office LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 126.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,908 shares of the aerospace company’s stock after purchasing an additional 3,863 shares during the period. Callan Family Office LLC’s holdings in General Dynamics were worth $2,015,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Retirement Guys Formula LLC acquired a new position in General Dynamics in the first quarter valued at approximately $1,692,000. Advisory Resource Group raised its holdings in shares of General Dynamics by 7.1% during the first 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 raised its holdings in shares of General Dynamics by 18.9% during the first 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 raised its holdings in shares of General Dynamics by 31.6% during the first 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. grew its position in General Dynamics by 11.5% in the first 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 in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Down 2.8%

GD opened at $333.03 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market capitalization of $89.58 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.04 and a beta of 0.47. The company’s 50 day moving average price is $324.93 and its two-hundred day moving average price is $296.94.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the firm posted $3.26 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

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 paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,020 shares of company stock worth $86,414,503. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GD. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a “market perform” rating in a research note on Monday, July 14th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. Robert W. Baird boosted their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.