WBH Advisory Inc. Purchases 200 Shares of General Dynamics Corporation $GD

WBH Advisory Inc. grew its position in General Dynamics Corporation (NYSE:GD) by 24.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,028 shares of the aerospace company’s stock after acquiring an additional 200 shares during the period. WBH Advisory Inc.’s holdings in General Dynamics were worth $300,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in shares of General Dynamics in the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics in the first quarter valued at approximately $27,000. Quarry LP raised its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Abound Financial LLC bought a new position in shares of General Dynamics in the first quarter valued at approximately $32,000. Finally, Harbor Asset Planning Inc. bought a new position in General Dynamics in the 2nd quarter worth approximately $35,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $337.34 on Tuesday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $347.37. The firm has a market capitalization of $90.74 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.04 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 firm has a fifty day moving average of $327.31 and a 200-day moving average of $299.87.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the previous year, the business earned $3.26 EPS. The firm’s 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. On average, equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s dividend payout ratio is presently 40.27%.

Insider Transactions at General Dynamics

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. This represents a 52.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,020 shares of company stock worth $86,414,503. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of several research analyst reports. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Susquehanna boosted their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, TD Cowen boosted their price objective 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. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $327.44.

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.