7,535 Shares in General Dynamics Corporation $GD Acquired by Talon Private Wealth LLC

Talon Private Wealth LLC acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,535 shares of the aerospace company’s stock, valued at approximately $2,586,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC raised its stake in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Steph & Co. lifted its holdings in shares of General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of General Dynamics during the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC increased its holdings in General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Center for Financial Planning Inc. raised its position in General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BNP Paribas Exane decreased their target price on General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. DA Davidson dropped their target price on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Jefferies Financial Group boosted their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group dropped their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $393.32.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director owned 10,643 shares in the company, valued at $3,884,695. The trade was a 33.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 78,190 shares of company stock worth $27,041,022. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics News Roundup

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Analysts expect General Dynamics to report approximately $3.97 in earnings per share and $13.54 billion in revenue for the second quarter. Expectations for a potential earnings beat are supporting investor sentiment ahead of the release. General Dynamics Q2 earnings expectations
• Positive Sentiment: The aerospace and defense sector continues to benefit from strong defense demand and improved production activity. General Dynamics is included among companies viewed as capable of meeting or exceeding second-quarter targets, which could reinforce confidence in its backlog and long-term growth prospects. Aerospace and defense earnings targets
• Neutral Sentiment: General Dynamics’ dividend remains an attraction for income-oriented investors, with a reported yield of roughly 1.63%. However, the immediate focus is likely to remain on quarterly earnings, guidance and cash flow rather than the dividend. General Dynamics dividend and earnings preview
• Negative Sentiment: Investors remain concerned about rising costs, supply-chain constraints and execution risks. Any margin pressure, production delays or cautious guidance could offset strong demand and trigger profit-taking after the stock’s recent advance. Aerospace and defense earnings risks

General Dynamics Stock Performance

NYSE:GD opened at $393.85 on Wednesday. General Dynamics Corporation has a 12 month low of $306.03 and a 12 month high of $395.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. The firm has a market capitalization of $106.51 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.34. The business’s fifty day moving average price is $358.18 and its 200 day moving average price is $352.28.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The firm had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. During the same quarter in the previous year, the business earned $3.66 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts anticipate that General Dynamics Corporation will post 16.66 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s dividend payout ratio (DPR) is currently 40.03%.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.