Linscomb Wealth Inc. Buys 1,026 Shares of General Dynamics Corporation $GD

Linscomb Wealth Inc. raised its position in General Dynamics Corporation (NYSE:GD) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,244 shares of the aerospace company’s stock after acquiring an additional 1,026 shares during the period. Linscomb Wealth Inc.’s holdings in General Dynamics were worth $4,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1858 Wealth Management LLC boosted its position in General Dynamics by 1.0% during the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC increased its stake in General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after acquiring an additional 33 shares during the period. Crewe Advisors LLC increased its stake in General Dynamics by 10.9% in the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after acquiring an additional 34 shares during the last quarter. CVA Family Office LLC increased its stake in shares of General Dynamics by 1.5% in the 2nd 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. Finally, Leavell Investment Management Inc. increased its stake in shares of General Dynamics by 0.4% in the 2nd 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. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Trading Up 0.3%

Shares of GD stock opened at $344.68 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The company 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 company has a 50-day simple moving average of $331.99 and a two-hundred day simple moving average of $304.11. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the business posted $3.35 earnings per share. General Dynamics’s 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. Research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 38.89%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Bank of America boosted their price objective on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup boosted their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $350.89.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,110 shares of company stock worth $60,778,364 in the last ninety days. Insiders own 1.50% of the company’s stock.

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.