Forza Wealth Management LLC Raises Stake in General Dynamics Corporation $GD

Forza Wealth Management LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 5.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,841 shares of the aerospace company’s stock after purchasing an additional 207 shares during the quarter. Forza Wealth Management LLC’s holdings in General Dynamics were worth $1,120,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after acquiring an additional 256,687 shares during the period. Ameriprise Financial Inc. raised its position in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after acquiring an additional 709,782 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of General Dynamics by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock valued at $431,327,000 after acquiring an additional 5,313 shares in the last quarter. Boston Partners raised its position in shares of General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock valued at $353,558,000 after acquiring an additional 94,537 shares in the last quarter. Finally, Deutsche Bank AG increased its position in General Dynamics by 120.9% in the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after buying an additional 690,349 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction on 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 directly 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 Securities & Exchange Commission, which is available at this link. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 over the last quarter. 1.50% of the stock is owned by corporate insiders.

General Dynamics Trading Up 2.6%

Shares of GD opened at $340.73 on Wednesday. The stock has a fifty day moving average price of $320.30 and a two-hundred day moving average price of $292.74. The company has a market cap of $91.65 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.04 and a beta of 0.50. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $341.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate 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 return on equity of 17.99% and a net margin of 8.13%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a research report on Thursday, July 24th. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and raised their target price for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $315.78.

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.