Segment Wealth Management LLC Purchases 55 Shares of General Dynamics Corporation $GD

Segment Wealth Management LLC increased its position in General Dynamics Corporation (NYSE:GD) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,618 shares of the aerospace company’s stock after acquiring an additional 55 shares during the quarter. Segment Wealth Management LLC’s holdings in General Dynamics were worth $472,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new stake in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the first quarter valued at approximately $27,000. Quarry LP lifted its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares during the last quarter. Perkins Coie Trust Co lifted its position in General Dynamics by 80.0% during the first quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 52 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in General Dynamics during the first quarter valued at approximately $32,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on GD shares. UBS Group lifted their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Susquehanna lifted their target price on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Robert W. Baird lifted their target price on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a “hold” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $315.78.

Insider Buying and Selling

In related news, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company’s stock, valued at $12,452,165. The trade was a 52.38% decrease in their ownership of the stock. The sale 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 General Dynamics stock in a transaction 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 completion of the transaction, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was 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. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.8%

Shares of NYSE GD opened at $343.76 on Friday. 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 Corporation has a 52 week low of $239.20 and a 52 week high of $345.22. The firm’s fifty day moving average is $321.91 and its 200 day moving average is $294.30. The company has a market cap of $92.47 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.10 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 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 company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the previous year, the firm earned $3.26 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is presently 40.27%.

General Dynamics Company 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.