Austin Private Wealth LLC Grows Position in General Dynamics Corporation $GD

Austin Private Wealth LLC increased its position in shares of General Dynamics Corporation (NYSE:GD) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,883 shares of the aerospace company’s stock after purchasing an additional 71 shares during the period. Austin Private Wealth LLC’s holdings in General Dynamics were worth $549,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. New York Life Investment Management LLC boosted its stake in shares of General Dynamics by 1.0% during the 2nd quarter. New York Life Investment Management LLC now owns 34,219 shares of the aerospace company’s stock worth $9,980,000 after purchasing an additional 326 shares during the period. Howard Capital Management Inc. boosted its stake in shares of General Dynamics by 13.6% during the 2nd quarter. Howard Capital Management Inc. now owns 1,420 shares of the aerospace company’s stock worth $414,000 after purchasing an additional 170 shares during the period. Tevis Investment Management boosted its stake in shares of General Dynamics by 10.1% during the 2nd quarter. Tevis Investment Management now owns 4,238 shares of the aerospace company’s stock worth $1,236,000 after purchasing an additional 389 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of General Dynamics by 7.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 25,030 shares of the aerospace company’s stock worth $7,300,000 after purchasing an additional 1,780 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of General Dynamics by 35.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 129,974 shares of the aerospace company’s stock worth $37,908,000 after purchasing an additional 33,773 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of GD opened at $346.86 on Wednesday. The company has a 50 day moving average price of $330.91 and a 200-day moving average price of $303.36. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The stock has a market capitalization of $93.69 billion, a PE ratio of 22.48, a PEG ratio of 2.16 and a beta of 0.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. During the same quarter in the prior year, the company earned $3.35 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 38.89%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GD. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Barclays boosted their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. The Goldman Sachs Group boosted their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Finally, Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $350.89.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 193,110 shares of company stock worth $60,778,364. Insiders own 1.50% of the company’s stock.

General Dynamics Company Profile

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.