High Note Wealth LLC Has $2.28 Million Stock Position in General Dynamics Corporation $GD

High Note Wealth LLC lowered its stake in General Dynamics Corporation (NYSE:GD) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,824 shares of the aerospace company’s stock after selling 75 shares during the quarter. High Note Wealth LLC’s holdings in General Dynamics were worth $2,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in General Dynamics during the first quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics during the first quarter worth approximately $27,000. Quarry LP increased its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. Abound Financial LLC acquired a new position in General Dynamics during the first quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new position in General Dynamics during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GD shares. Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Saturday, September 27th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Finally, Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Hold” and an average target price of $315.78.

General Dynamics Stock Up 0.9%

NYSE GD opened at $346.60 on Tuesday. The business has a fifty day moving average price of $322.58 and a two-hundred day moving average price of $295.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37. The stock has a market capitalization of $93.23 billion, a PE ratio of 23.26, a PEG 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 for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the company earned $3.26 earnings per share. The company’s quarterly 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. Equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The transaction 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 the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares of the company’s stock, 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 valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

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.