Valeo Financial Advisors LLC Raises Stock Holdings in General Dynamics Corporation $GD

Valeo Financial Advisors LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,884 shares of the aerospace company’s stock after buying an additional 919 shares during the period. Valeo Financial Advisors LLC’s holdings in General Dynamics were worth $2,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Salvus Wealth Management LLC raised its holdings in General Dynamics by 2.9% in the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock valued at $372,000 after buying an additional 36 shares during the period. Principal Securities Inc. grew its position in General Dynamics by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock valued at $2,161,000 after acquiring an additional 37 shares in the last quarter. Sharpepoint LLC grew its position in General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 37 shares in the last quarter. United Asset Strategies Inc. grew its position in General Dynamics by 1.2% in the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company’s stock valued at $856,000 after acquiring an additional 37 shares in the last quarter. Finally, Southland Equity Partners LLC grew its position in General Dynamics by 3.2% in the 2nd quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company’s stock valued at $346,000 after acquiring an additional 37 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GD shares. Barclays lifted their target price on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Susquehanna lifted their target price on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $315.78.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was 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 of the company’s stock, 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 275,020 shares of company stock valued at $86,414,503 over the last 90 days. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $346.60 on Tuesday. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37. The company has a market cap of $93.23 billion, a PE ratio of 23.26, a P/E/G ratio of 2.10 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The business has a 50-day simple moving average of $322.58 and a 200-day simple moving average of $295.09.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.26 earnings per share. 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 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm 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 dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is presently 40.27%.

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.