LVW Advisors LLC Lowers Position in General Dynamics Corporation $GD

LVW Advisors LLC cut its stake in General Dynamics Corporation (NYSE:GD) by 12.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,219 shares of the aerospace company’s stock after selling 1,194 shares during the quarter. LVW Advisors LLC’s holdings in General Dynamics were worth $2,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TOWER TRUST & INVESTMENT Co raised its stake in shares of General Dynamics by 1.5% in the second quarter. TOWER TRUST & INVESTMENT Co now owns 3,875 shares of the aerospace company’s stock worth $1,130,000 after purchasing an additional 59 shares during the last quarter. Spirepoint Private Client LLC raised its stake in shares of General Dynamics by 3.4% in the second quarter. Spirepoint Private Client LLC now owns 26,059 shares of the aerospace company’s stock worth $7,600,000 after purchasing an additional 863 shares during the last quarter. Processus Wealth & Capital Management LLC raised its stake in shares of General Dynamics by 4.6% in the second quarter. Processus Wealth & Capital Management LLC now owns 7,078 shares of the aerospace company’s stock worth $2,064,000 after purchasing an additional 309 shares during the last quarter. GoalFusion Wealth Management LLC purchased a new stake in shares of General Dynamics in the second quarter worth approximately $202,000. Finally, Signaturefd LLC grew its holdings in shares of General Dynamics by 8.0% in the second quarter. Signaturefd LLC now owns 5,752 shares of the aerospace company’s stock valued at $1,678,000 after acquiring an additional 426 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction on 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 completion of the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. The trade was a 14.36% 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. 1.50% of the stock is currently owned by company insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $330.54 on Friday. The stock has a fifty day simple moving average of $318.73 and a two-hundred day simple moving average of $291.48. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $330.63. The firm has a market cap of $88.91 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.99 and a beta of 0.50. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating 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 business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the prior year, the company earned $3.26 earnings per share. General Dynamics’s 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. Analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GD shares. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price for the company in a report on Thursday, July 24th. TD Cowen upped their target price on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Cowen reaffirmed a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Robert W. Baird upped their target price on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Susquehanna upped their target price on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and an average price target of $315.78.

About General Dynamics

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.