General Dynamics Corporation $GD Shares Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,622 shares of the aerospace company’s stock after buying an additional 95 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in General Dynamics were worth $1,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management raised its holdings in shares of General Dynamics by 9.3% in the 2nd quarter. Spire Wealth Management now owns 4,877 shares of the aerospace company’s stock valued at $1,417,000 after purchasing an additional 413 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of General Dynamics by 7.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 23,722 shares of the aerospace company’s stock valued at $6,919,000 after purchasing an additional 1,564 shares in the last quarter. World Investment Advisors raised its holdings in shares of General Dynamics by 26.8% in the 2nd quarter. World Investment Advisors now owns 17,854 shares of the aerospace company’s stock valued at $5,207,000 after purchasing an additional 3,772 shares in the last quarter. Motco raised its holdings in shares of General Dynamics by 8.8% in the 2nd quarter. Motco now owns 484 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 39 shares in the last quarter. Finally, Austin Private Wealth LLC raised its holdings in shares of General Dynamics by 3.9% in the 2nd quarter. Austin Private Wealth LLC now owns 1,883 shares of the aerospace company’s stock valued at $549,000 after purchasing an additional 71 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 193,110 shares of company stock worth $60,778,364 in the last three months. Company insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $343.15 on Thursday. The company’s fifty day moving average price is $331.42 and its 200 day moving average price is $303.82. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The firm has a market capitalization of $92.69 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.07 and a beta of 0.47.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. 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 business earned $3.35 EPS. General Dynamics’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GD shares. Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Citigroup lifted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics Company 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.