Centurion Wealth Management LLC Acquires 41 Shares of General Dynamics Corporation $GD

Centurion Wealth Management LLC grew its position in General Dynamics Corporation (NYSE:GD) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,943 shares of the aerospace company’s stock after purchasing an additional 41 shares during the quarter. Centurion Wealth Management LLC’s holdings in General Dynamics were worth $567,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. TruWealth Advisors LLC bought a new stake in shares of General Dynamics in the 2nd quarter valued at $7,682,000. Trust Co of the South boosted its stake in shares of General Dynamics by 15.8% in the 2nd quarter. Trust Co of the South now owns 1,268 shares of the aerospace company’s stock valued at $370,000 after purchasing an additional 173 shares during the last quarter. Marotta Asset Management boosted its stake in shares of General Dynamics by 127.9% in the 2nd quarter. Marotta Asset Management now owns 8,851 shares of the aerospace company’s stock valued at $2,581,000 after purchasing an additional 4,968 shares during the last quarter. LVM Capital Management Ltd. MI bought a new stake in shares of General Dynamics in the 2nd quarter valued at $211,000. Finally, Stonebridge Capital Management Inc. boosted its stake in shares of General Dynamics by 0.6% in the 2nd quarter. Stonebridge Capital Management Inc. now owns 25,093 shares of the aerospace company’s stock valued at $7,319,000 after purchasing an additional 145 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 1,210 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $319.04, for a total value of $386,038.40. Following the completion of the sale, the director owned 10,186 shares in the company, valued at approximately $3,249,741.44. This trade represents a 10.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the sale, 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. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,439 shares of company stock worth $87,495,956. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

GD opened at $326.23 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $313.76 and its two-hundred day moving average price is $287.21. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $330.18. The company has a market cap of $87.75 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.02 and a beta of 0.50.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the prior year, the company posted $3.26 earnings per share. The business’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. On average, analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

GD has been the topic of a number of analyst reports. UBS Group upped 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. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a “hold” rating to a “buy” rating and increased their target price for the stock from $298.00 to $342.00 in a research note on Tuesday, July 8th. Cowen reissued a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Finally, 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. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $315.78.

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.