Ashton Thomas Private Wealth LLC Grows Holdings in General Dynamics Corporation $GD

Ashton Thomas Private Wealth LLC increased its holdings in General Dynamics Corporation (NYSE:GD) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,661 shares of the aerospace company’s stock after acquiring an additional 51 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in General Dynamics were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Quarry LP lifted its holdings in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares during the last quarter. Abound Financial LLC bought a new position in General Dynamics during the 1st quarter valued at approximately $32,000. Harbor Asset Planning Inc. purchased a new position in General Dynamics during the second quarter valued at $35,000. Nova Wealth Management Inc. bought a new stake in General Dynamics in the first quarter worth $33,000. Finally, Salomon & Ludwin LLC grew its stake in shares of General Dynamics by 70.4% in the second quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.3%

GD opened at $344.68 on Friday. The stock has a market capitalization of $93.10 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.05 and a beta of 0.47. The firm has a 50 day moving average price of $331.99 and a 200-day moving average price of $304.11. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.50 dividend. 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

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.89.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 193,110 shares of company stock worth $60,778,364. 1.50% of the stock is owned by corporate insiders.

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.