General Dynamics Corporation $GD Shares Purchased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 8.5% in the second quarter, HoldingsChannel.com reports. The fund owned 930 shares of the aerospace company’s stock after purchasing an additional 73 shares during the period. Revolve Wealth Partners LLC’s holdings in General Dynamics were worth $271,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in General Dynamics during the first quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics during the first quarter worth $27,000. Quarry LP raised its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Abound Financial LLC acquired a new position in General Dynamics during the first quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new position in General Dynamics during the first quarter worth $33,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GD shares. Susquehanna increased their target price on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. The Goldman Sachs Group increased their target price on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday. UBS Group increased their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Citigroup increased their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, TD Cowen increased their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $324.11.

Insider Buying and Selling at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the stock in a transaction dated 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 directly 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. In the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Trading Up 0.5%

Shares of GD stock opened at $334.64 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market cap of $90.01 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. The company has a 50-day moving average of $325.37 and a two-hundred day moving average of $297.59. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37.

General Dynamics (NYSE:GD) last announced 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 company had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. General Dynamics’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 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.