Goelzer Investment Management Inc. Buys 6,037 Shares of General Dynamics Corporation $GD

Goelzer Investment Management Inc. increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 328.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,875 shares of the aerospace company’s stock after buying an additional 6,037 shares during the quarter. Goelzer Investment Management Inc.’s holdings in General Dynamics were worth $2,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Rialto Wealth Management LLC grew its stake in shares of General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at $27,000. Copia Wealth Management acquired a new stake in shares of General Dynamics in the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.1%

GD stock opened at $326.68 on Wednesday. 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 market capitalization of $87.87 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.01 and a beta of 0.50. The business has a 50-day moving average of $314.99 and a 200-day moving average of $288.24. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $330.18.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the firm earned $3.26 earnings per share. General Dynamics’s revenue for the quarter 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. On average, sell-side analysts anticipate 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. Investors of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GD shares. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price for the company in a research note on Thursday, July 24th. UBS Group lifted their target price on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Robert W. Baird lifted their target price on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and lifted their target price for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $315.78.

Insider Buying and Selling at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction dated 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 represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated 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 sale, the director owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 in the last ninety days. Insiders own 1.50% of the company’s stock.

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.