FLC Capital Advisors Raises Stake in General Dynamics Corporation $GD

FLC Capital Advisors increased its stake in shares of General Dynamics Corporation (NYSE:GDFree Report) by 125.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,894 shares of the aerospace company’s stock after purchasing an additional 1,612 shares during the period. FLC Capital Advisors’ holdings in General Dynamics were worth $844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. 1858 Wealth Management LLC raised its holdings in shares of General Dynamics by 1.0% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC raised its holdings in shares of General Dynamics by 0.5% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after acquiring an additional 33 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in shares of General Dynamics by 2.9% in the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 36 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of General Dynamics by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock valued at $2,161,000 after acquiring an additional 37 shares in the last quarter. Finally, Sharpepoint LLC raised its holdings in shares of General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD opened at $331.33 on Monday. The stock has a market cap of $89.12 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.04 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37. The stock’s 50-day moving average is $326.86 and its 200 day moving average is $299.26.

General Dynamics (NYSE:GDGet Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is 40.27%.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company’s stock, valued at $12,452,165. The trade was a 52.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president directly owned 22,818 shares in the company, valued at $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. Over the last ninety days, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $327.44.

Check Out Our Latest Analysis on GD

About General Dynamics

(Free Report)

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.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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