General Dynamics Corporation $GD Position Raised by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC increased its position in shares of General Dynamics Corporation (NYSE:GD) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,016 shares of the aerospace company’s stock after purchasing an additional 55 shares during the period. Three Bridge Wealth Advisors LLC’s holdings in General Dynamics were worth $1,171,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Merit Financial Group LLC boosted its stake in General Dynamics by 147.3% during the second quarter. Merit Financial Group LLC now owns 27,589 shares of the aerospace company’s stock valued at $8,047,000 after buying an additional 16,435 shares in the last quarter. Simplicity Wealth LLC boosted its stake in General Dynamics by 125.8% during the second quarter. Simplicity Wealth LLC now owns 1,856 shares of the aerospace company’s stock valued at $541,000 after buying an additional 1,034 shares in the last quarter. Brown Miller Wealth Management LLC lifted its holdings in General Dynamics by 1.1% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 8,802 shares of the aerospace company’s stock valued at $2,567,000 after acquiring an additional 94 shares during the last quarter. Chemung Canal Trust Co. lifted its holdings in General Dynamics by 82.6% in the 2nd quarter. Chemung Canal Trust Co. now owns 6,826 shares of the aerospace company’s stock valued at $1,991,000 after acquiring an additional 3,088 shares during the last quarter. Finally, OLD National Bancorp IN lifted its holdings in General Dynamics by 2.7% in the 2nd quarter. OLD National Bancorp IN now owns 5,327 shares of the aerospace company’s stock valued at $1,554,000 after acquiring an additional 138 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on GD. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Saturday, September 27th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a “market perform” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $315.78.

Insider Buying and Selling

In related news, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were 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 of the company’s stock, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the sale, the vice president directly owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 0.8%

General Dynamics stock opened at $343.76 on Friday. The company has a 50 day moving average price of $321.91 and a 200 day moving average price of $294.30. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $345.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The firm has a market capitalization of $92.47 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.10 and a beta of 0.47.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The company had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is currently 40.27%.

General Dynamics 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.