300 Shares in General Dynamics Corporation $GD Bought by Ransom Advisory Ltd

Ransom Advisory Ltd acquired a new stake in shares of General Dynamics Corporation (NYSE:GD) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 300 shares of the aerospace company’s stock, valued at approximately $82,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rialto Wealth Management LLC grew its position in shares of General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock worth $25,000 after buying an additional 62 shares during the period. Inlight Wealth Management LLC bought a new position in General Dynamics during the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics during the 1st quarter valued at about $27,000. Copia Wealth Management bought a new position in General Dynamics during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics during the 4th quarter valued at about $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction on 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 completion of the transaction, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 458,260 shares of company stock valued at $138,125,545. 1.50% of the stock is owned by insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $322.84 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market cap of $86.84 billion, a PE ratio of 21.67, a P/E/G ratio of 1.97 and a beta of 0.50. The business has a 50-day simple moving average of $312.40 and a two-hundred day simple moving average of $285.84. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $326.02.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the previous year, the company posted $3.26 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics’s payout ratio is 40.27%.

Analyst Ratings Changes

GD has been the subject of several analyst reports. Cowen reissued a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Susquehanna increased their target price on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Wolfe Research upgraded General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price for the company in a research report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. Finally, Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $315.78.

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.