TruWealth Advisors LLC Takes Position in General Dynamics Corporation $GD

TruWealth Advisors LLC bought a new stake in shares of General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,337 shares of the aerospace company’s stock, valued at approximately $7,682,000.

Other institutional investors have also recently made changes to their positions in the company. Retirement Guys Formula LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at approximately $1,692,000. Advisory Resource Group increased its holdings in shares of General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company’s stock valued at $5,234,000 after purchasing an additional 1,276 shares in the last quarter. Mission Wealth Management LP increased its holdings 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 valued at $4,401,000 after purchasing an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its holdings 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 valued at $9,171,000 after purchasing an additional 8,073 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings 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 valued at $4,504,000 after purchasing an additional 1,704 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

General Dynamics stock opened at $326.23 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.18. The firm has a market capitalization of $87.75 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.02 and a beta of 0.50. The company has a fifty day simple moving average of $313.76 and a 200-day simple moving average of $287.21. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the prior year, the firm earned $3.26 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a “hold” rating to a “buy” rating and lifted their target price for the company from $298.00 to $342.00 in a report on Tuesday, July 8th. Robert W. Baird boosted their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Cowen reissued a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. 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, 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. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, General Dynamics has an average rating of “Hold” and an average target price of $315.78.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 39,875 shares in the company, valued at approximately $12,452,165. The trade was a 52.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,439 shares of company stock worth $87,495,956. Insiders own 1.50% of the company’s stock.

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.