Tevis Investment Management Purchases 389 Shares of General Dynamics Corporation $GD

Tevis Investment Management lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,238 shares of the aerospace company’s stock after purchasing an additional 389 shares during the period. Tevis Investment Management’s holdings in General Dynamics were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics during the first quarter worth approximately $27,000. Quarry LP increased its stake in shares of 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 purchasing an additional 94 shares during the period. Abound Financial LLC bought a new position in shares of General Dynamics during the first quarter worth approximately $32,000. Harbor Asset Planning Inc. bought a new position in shares of General Dynamics during the second quarter worth approximately $35,000. Finally, Nova Wealth Management Inc. bought a new position in shares of General Dynamics during the first quarter worth approximately $33,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the sale, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 193,110 shares of company stock worth $60,778,364 over the last three months. 1.50% of the stock is owned by corporate insiders.

General Dynamics Trading Up 0.8%

Shares of GD opened at $353.55 on Tuesday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The business’s fifty day moving average is $330.30 and its 200-day moving average is $302.83. 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 market cap of $95.10 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.15 and a beta of 0.47.

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

General Dynamics Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley set a $385.00 target price on General Dynamics in a research note on Monday. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Susquehanna raised their price objective on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research note on Monday. Citigroup raised their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $342.11.

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.