Revolve Wealth Partners LLC Raises Stock Position in General Dynamics Corporation $GD

Revolve Wealth Partners LLC lifted its position in General Dynamics Corporation (NYSE:GD) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 930 shares of the aerospace company’s stock after buying an additional 73 shares during the period. Revolve Wealth Partners LLC’s holdings in General Dynamics were worth $271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Guys Formula LLC purchased a new position in shares of General Dynamics in the 1st quarter worth approximately $1,692,000. Advisory Resource Group grew 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 purchasing an additional 1,276 shares during the last quarter. Mission Wealth Management LP grew its position in 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 last quarter. Matrix Asset Advisors Inc. NY grew its position in 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 last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its position in 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 last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.5%

Shares of General Dynamics stock opened at $334.64 on Tuesday. 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 firm has a fifty day moving average price of $325.37 and a 200 day moving average price of $297.59. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37. The stock has a market cap of $90.01 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its 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. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same quarter last year, the company posted $3.26 earnings per share. The firm’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. Equities research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm 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 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%.

Insider Transactions at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the transaction, the executive vice president owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,020 shares of company stock worth $86,414,503. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of several research analyst reports. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. Barclays boosted their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Finally, Wolfe Research boosted their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $324.11.

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.