3Chopt Investment Partners LLC Raises Holdings in General Dynamics Corporation $GD

3Chopt Investment Partners LLC grew its position in shares of General Dynamics Corporation (NYSE:GD) by 77.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,636 shares of the aerospace company’s stock after buying an additional 716 shares during the period. 3Chopt Investment Partners LLC’s holdings in General Dynamics were worth $477,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at $27,000. Quarry LP lifted its position in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares during the last quarter. Abound Financial LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at $32,000. Finally, Nova Wealth Management Inc. purchased a new position in shares of General Dynamics during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 1.0%

Shares of GD opened at $342.81 on Friday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $324.48 and a two-hundred day simple moving average of $296.30. The firm has a market cap of $92.21 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.12 and a beta of 0.47.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The company had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is 40.27%.

Insider Activity at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. UBS Group increased their price objective on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a report on Thursday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $319.00.

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.