Running Oak Capital LLC Purchases 690 Shares of General Dynamics Corporation $GD

Running Oak Capital LLC raised its position in General Dynamics Corporation (NYSE:GD) by 1.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 58,246 shares of the aerospace company’s stock after purchasing an additional 690 shares during the period. General Dynamics accounts for 1.9% of Running Oak Capital LLC’s holdings, making the stock its 18th biggest position. Running Oak Capital LLC’s holdings in General Dynamics were worth $16,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the 1st quarter worth approximately $27,000. Quarry LP grew its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Abound Financial LLC purchased a new position in shares of General Dynamics during the first quarter worth about $32,000. Finally, Nova Wealth Management Inc. bought a new position in shares of General Dynamics in the first quarter worth approximately $33,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,020 shares of company stock worth $86,414,503. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.8%

Shares of NYSE GD opened at $343.76 on Monday. The firm’s fifty day moving average is $321.91 and its 200 day moving average is $294.50. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $345.22. 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 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 announced its quarterly 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. The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio is presently 40.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen increased their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Barclays raised their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Saturday, September 27th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $315.78.

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.