General Dynamics Corporation $GD Shares Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC raised its holdings in General Dynamics Corporation (NYSE:GD) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,622 shares of the aerospace company’s stock after acquiring an additional 95 shares during the period. Premier Path Wealth Partners LLC’s holdings in General Dynamics were worth $1,348,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new stake in General Dynamics in the 1st quarter valued at about $27,000. Quarry LP grew its stake in shares of General Dynamics by 783.3% in 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 period. Abound Financial LLC purchased a new stake in shares of General Dynamics in the 1st quarter valued at approximately $32,000. Harbor Asset Planning Inc. purchased a new stake in shares of General Dynamics in the 2nd quarter valued at approximately $35,000. Finally, Nova Wealth Management Inc. purchased a new stake in shares of General Dynamics in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GD. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Wolfe Research increased their price target on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research note on Monday. Sanford C. Bernstein increased their price target on shares of General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Bank of America increased their price target on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $350.89.

Insider Activity at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction that occurred 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 sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William A. Moss sold 17,700 shares of the 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 sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 193,110 shares of company stock worth $60,778,364 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Stock Performance

NYSE:GD opened at $343.15 on Thursday. 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 stock has a market capitalization of $92.69 billion, a P/E ratio of 22.24, a PEG ratio of 2.07 and a beta of 0.47. The company has a 50 day moving average price of $331.42 and a 200 day moving average price of $303.82. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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

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.