Pflug Koory LLC Has $614,000 Stock Position in General Dynamics Corporation $GD

Pflug Koory LLC lifted its stake in General Dynamics Corporation (NYSE:GD) by 6.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,105 shares of the aerospace company’s stock after purchasing an additional 130 shares during the quarter. Pflug Koory LLC’s holdings in General Dynamics were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics in the first quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics in the first quarter worth approximately $27,000. Quarry LP lifted its position in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Perkins Coie Trust Co lifted its position in shares of General Dynamics by 80.0% in the first quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 52 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of General Dynamics in the first quarter worth approximately $32,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GD shares. TD Cowen increased their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. UBS Group raised their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Barclays raised their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $315.78.

General Dynamics Trading Up 0.8%

NYSE:GD opened at $343.76 on Friday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $345.22. The firm has a market cap of $92.47 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.09 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $321.91 and its 200-day moving average is $294.12.

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

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the firm’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 completion of the sale, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Company 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.