Fulton Breakefield Broenniman LLC Sells 76 Shares of General Dynamics Corporation $GD

Fulton Breakefield Broenniman LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,403 shares of the aerospace company’s stock after selling 76 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in General Dynamics were worth $12,076,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GD. Inlight Wealth Management LLC bought a new position in General Dynamics during the first quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics during the first quarter worth $27,000. Quarry LP increased 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 acquiring an additional 94 shares during the period. Abound Financial LLC bought a new position in General Dynamics during the first quarter worth $32,000. Finally, Nova Wealth Management Inc. bought a new position in General Dynamics during the first quarter worth $33,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GD shares. JPMorgan Chase & Co. lifted their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Citigroup lifted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Robert W. Baird lifted their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $319.00.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $346.45 on Thursday. The stock has a market capitalization of $93.19 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.10 and a beta of 0.47. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $323.85 and a two-hundred day moving average price of $295.77.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is currently 40.27%.

Insiders Place Their Bets

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the business’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 completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 in the last three months. 1.50% of the stock is owned by corporate insiders.

About General Dynamics

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.