General Dynamics Corporation $GD Position Increased by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its stake in General Dynamics Corporation (NYSE:GD) by 125.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,856 shares of the aerospace company’s stock after purchasing an additional 1,034 shares during the quarter. Simplicity Wealth LLC’s holdings in General Dynamics were worth $541,000 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 increased its holdings in 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 buying an additional 94 shares during the last quarter. Abound Financial LLC acquired a new position in General Dynamics in the first quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new position in General Dynamics in the first quarter worth approximately $33,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other General Dynamics news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by insiders.

General Dynamics Stock Down 0.9%

GD opened at $343.47 on Wednesday. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $92.39 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.12 and a beta of 0.47. The business has a 50 day moving average of $323.16 and a 200-day moving average of $295.42.

General Dynamics (NYSE:GD) last posted 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 company had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the business earned $3.26 earnings per share. General Dynamics’s revenue for the quarter 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. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research reports. Wolfe Research upgraded General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Saturday, September 27th. Barclays increased their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. increased their price target on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and a consensus 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.