Moseley Investment Management Inc. Has $387,000 Stake in General Dynamics Corporation $GD

Moseley Investment Management Inc. decreased its position in General Dynamics Corporation (NYSE:GD) by 16.2% in the second quarter, HoldingsChannel reports. The firm owned 1,329 shares of the aerospace company’s stock after selling 256 shares during the period. Moseley Investment Management Inc.’s holdings in General Dynamics were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Retirement Guys Formula LLC purchased a new stake in shares of General Dynamics in the first quarter worth approximately $1,692,000. Advisory Resource Group lifted its position in shares of General Dynamics by 7.1% in the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company’s stock worth $5,234,000 after purchasing an additional 1,276 shares in the last quarter. Mission Wealth Management LP lifted its position in shares of General Dynamics by 18.9% in the first quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company’s stock worth $4,401,000 after purchasing an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY lifted its position in shares of General Dynamics by 31.6% in the first quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company’s stock worth $9,171,000 after purchasing an additional 8,073 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its position in shares of General Dynamics by 11.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock worth $4,504,000 after purchasing an additional 1,704 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Robert W. Baird increased their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. UBS Group raised their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus price target of $319.00.

General Dynamics Trading Down 1.0%

NYSE:GD opened at $342.81 on Friday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37. The firm has a market cap of $92.21 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.12 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 company’s 50 day moving average is $324.48 and its 200-day moving average is $296.30.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating 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 company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter last year, the firm posted $3.26 earnings per share. The company’s quarterly 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 analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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 $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Insider Buying and Selling

In other news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by corporate insiders.

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.