Berger Financial Group Inc Has $889,000 Stock Holdings in General Dynamics Corporation $GD

Berger Financial Group Inc trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,050 shares of the aerospace company’s stock after selling 181 shares during the period. Berger Financial Group Inc’s holdings in General Dynamics were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Inlight Wealth Management LLC acquired a new stake in shares of 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 first quarter valued at approximately $27,000. Quarry LP lifted its stake in General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Abound Financial LLC bought a new stake in General Dynamics in the first quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of General Dynamics during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several analyst reports. Susquehanna lifted their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a “hold” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the stock a “market perform” rating in a report on Monday, July 14th. Finally, Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $315.78.

Insider Activity at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 in the last three months. Company insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $343.76 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $345.22. The firm has a fifty day moving average price of $321.91 and a two-hundred day moving average price of $294.50. The company has a market cap of $92.47 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.10 and a beta of 0.47.

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

General Dynamics Dividend Announcement

The company 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 $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 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

About General Dynamics

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.