Jmac Enterprises LLC Sells 100 Shares of General Dynamics Corporation $GD

Jmac Enterprises LLC lowered its position in General Dynamics Corporation (NYSE:GD) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,337 shares of the aerospace company’s stock after selling 100 shares during the quarter. Jmac Enterprises LLC’s holdings in General Dynamics were worth $973,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Retirement Guys Formula LLC purchased a new stake in shares of General Dynamics during the first quarter valued at about $1,692,000. Advisory Resource Group raised its position in General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company’s stock worth $5,234,000 after buying an additional 1,276 shares during the last quarter. Mission Wealth Management LP grew its stake in shares of General Dynamics by 18.9% during the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company’s stock worth $4,401,000 after purchasing an additional 2,568 shares during the period. Matrix Asset Advisors Inc. NY grew its stake in shares of General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company’s stock worth $9,171,000 after purchasing an additional 8,073 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. grew its stake in shares of General Dynamics by 11.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock worth $4,504,000 after purchasing an additional 1,704 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of analyst reports. Wall Street Zen cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Citigroup boosted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. UBS Group boosted their price target on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $315.78.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction 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 completion of the transaction, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at $14,244,518.40. The trade was a 42.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.0%

NYSE GD opened at $340.91 on Friday. The firm has a market cap of $91.70 billion, a PE ratio of 22.88, a P/E/G ratio of 2.09 and a beta of 0.47. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $341.68. The business’s fifty day simple moving average is $321.31 and its 200-day simple moving average is $293.60. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating 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 the consensus estimate of $12.13 billion. During the same period in the previous year, the company posted $3.26 EPS. General Dynamics’s revenue 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. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is 40.27%.

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.