MFG Wealth Management Inc. Has $1.90 Million Stake in General Dynamics Corporation $GD

MFG Wealth Management Inc. lowered its holdings in General Dynamics Corporation (NYSE:GD) by 37.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,560 shares of the aerospace company’s stock after selling 3,301 shares during the period. MFG Wealth Management Inc.’s holdings in General Dynamics were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 49 shares in the last quarter. Nova Wealth Management Inc. bought a new position in General Dynamics in the first quarter valued at approximately $33,000. NewSquare Capital LLC increased its position in shares of General Dynamics by 64.7% during the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in shares of General Dynamics during the 2nd quarter worth approximately $35,000. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the sale, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $337.20 on Friday. The stock has a market cap of $91.08 billion, a PE ratio of 21.85, a P/E/G ratio of 1.67 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a 50-day moving average of $340.56 and a 200-day moving average of $320.23. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 38.89%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BNP Paribas raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, November 18th. UBS Group increased their price target on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wolfe Research boosted their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Monday, October 27th. Finally, Robert W. Baird set a $390.00 price target on General Dynamics in a report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $358.25.

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.