Total Clarity Wealth Management Inc. Has $941,000 Position in General Dynamics Corporation $GD

Total Clarity Wealth Management Inc. lowered its holdings in shares of General Dynamics Corporation (NYSE:GD) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,227 shares of the aerospace company’s stock after selling 148 shares during the period. Total Clarity Wealth Management Inc.’s holdings in General Dynamics were worth $941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GD. 1858 Wealth Management LLC grew its position in shares of General Dynamics by 1.0% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 32 shares during the period. Salvus Wealth Management LLC grew its position in shares of General Dynamics by 2.9% in the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 36 shares during the period. Principal Securities Inc. grew its position in shares of General Dynamics by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock valued at $2,161,000 after purchasing an additional 37 shares during the period. Sharpepoint LLC grew its position in shares of General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 37 shares during the period. Finally, United Asset Strategies Inc. grew its position in shares of General Dynamics by 1.2% in the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company’s stock valued at $856,000 after purchasing an additional 37 shares during the period. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 in the last quarter. Company insiders own 1.50% of the company’s stock.

General Dynamics Trading Down 2.8%

Shares of General Dynamics stock opened at $333.03 on Monday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $347.37. The stock has a market cap of $89.58 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.05 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $324.93 and its 200-day moving average is $297.14.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $12.13 billion. During the same quarter in the prior year, the business posted $3.26 EPS. The business’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 fiscal year.

General Dynamics Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is 40.27%.

Analyst Ratings Changes

Several equities analysts recently issued reports on GD shares. Cowen reiterated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. TD Cowen upped their price target on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. upped their price target on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Wolfe Research upped their price target on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $324.11.

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.