Trilogy Capital Inc. Acquires 80 Shares of General Dynamics Corporation $GD

Trilogy Capital Inc. lifted its position in General Dynamics Corporation (NYSE:GD) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,587 shares of the aerospace company’s stock after purchasing an additional 80 shares during the quarter. Trilogy Capital Inc.’s holdings in General Dynamics were worth $3,379,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Salvus Wealth Management LLC raised its stake in General Dynamics by 2.9% during the second quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 36 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of General Dynamics by 0.5% during the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock worth $2,161,000 after buying an additional 37 shares in the last quarter. Sharpepoint LLC boosted its holdings in shares of General Dynamics by 4.2% during the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock worth $249,000 after buying an additional 37 shares in the last quarter. United Asset Strategies Inc. boosted its holdings in shares of General Dynamics by 1.2% during the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company’s stock worth $856,000 after buying an additional 37 shares in the last quarter. Finally, Southland Equity Partners LLC boosted its holdings in shares of General Dynamics by 3.2% during the 2nd quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company’s stock worth $346,000 after buying an additional 37 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the company’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 sale, the executive vice president owned 39,875 shares of the company’s stock, valued at $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. The trade was a 14.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 in the last ninety days. 1.50% of the stock is owned by company insiders.

General Dynamics Price Performance

General Dynamics stock opened at $340.73 on Wednesday. The company has a market cap of $91.65 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.04 and a beta of 0.50. The firm’s fifty day moving average is $320.30 and its 200 day moving average is $292.74. 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 $341.02.

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, beating analysts’ consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

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

Analysts Set New Price Targets

GD has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday. UBS Group raised their target price on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a “hold” rating to a “buy” rating and lifted their price target for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. Finally, TD Cowen lifted their price target on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $315.78.

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.