General Dynamics Corporation $GD Shares Bought by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC raised its position in General Dynamics Corporation (NYSE:GD) by 7.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,707 shares of the aerospace company’s stock after purchasing an additional 113 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in General Dynamics were worth $498,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Interchange Capital Partners LLC acquired a new stake in General Dynamics in the second quarter valued at $221,000. Brighton Jones LLC grew its holdings in General Dynamics by 70.8% in the second quarter. Brighton Jones LLC now owns 4,967 shares of the aerospace company’s stock valued at $1,449,000 after purchasing an additional 2,059 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in General Dynamics by 4.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 8,324 shares of the aerospace company’s stock valued at $2,428,000 after purchasing an additional 332 shares during the last quarter. Leavell Investment Management Inc. grew its holdings in General Dynamics by 0.4% in the second quarter. Leavell Investment Management Inc. now owns 8,239 shares of the aerospace company’s stock valued at $2,403,000 after purchasing an additional 34 shares during the last quarter. Finally, CVA Family Office LLC grew its holdings in General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GD shares. Susquehanna upped their price objective on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Wolfe Research upped their price objective on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Hold” and a consensus target price of $327.44.

General Dynamics Stock Up 2.6%

Shares of NYSE:GD opened at $350.22 on Friday. The stock’s 50-day moving average price is $329.49 and its two-hundred day moving average price is $302.06. 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 Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The firm has a market cap of $94.20 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.16 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period last year, the company earned $3.35 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Insider Transactions at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction dated 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 transaction, the vice president directly owned 16,627 shares in the company, valued at $5,260,782.80. This trade represents a 51.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 242,460 shares of company stock worth $76,192,291 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

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.