REAP Financial Group LLC Buys 195 Shares of General Dynamics Corporation $GD

REAP Financial Group LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 84.1% in the second quarter, Holdings Channel reports. The institutional investor owned 427 shares of the aerospace company’s stock after purchasing an additional 195 shares during the period. REAP Financial Group LLC’s holdings in General Dynamics were worth $125,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Canopy Partners LLC increased its stake in General Dynamics by 5.7% during the second quarter. Canopy Partners LLC now owns 831 shares of the aerospace company’s stock valued at $242,000 after acquiring an additional 45 shares during the period. Shell Asset Management Co. grew its holdings in shares of General Dynamics by 70.1% during the 2nd quarter. Shell Asset Management Co. now owns 6,781 shares of the aerospace company’s stock worth $1,978,000 after purchasing an additional 2,795 shares in the last quarter. KPP Advisory Services LLC grew its holdings in shares of General Dynamics by 6.4% during the 2nd quarter. KPP Advisory Services LLC now owns 1,801 shares of the aerospace company’s stock worth $525,000 after purchasing an additional 108 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in General Dynamics by 13.2% in the second quarter. Valeo Financial Advisors LLC now owns 7,884 shares of the aerospace company’s stock worth $2,299,000 after purchasing an additional 919 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in General Dynamics by 0.3% in the second quarter. DAVENPORT & Co LLC now owns 33,509 shares of the aerospace company’s stock worth $9,772,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Saturday, September 27th. UBS Group upped their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $315.78.

Insider Buying and Selling at General Dynamics

In related news, 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 transaction of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction 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 approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

NYSE: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 firm has a 50 day moving average of $323.16 and a 200-day moving average of $295.42. 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 P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.47.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $3.26 EPS. 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 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is 40.27%.

General Dynamics 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.