General Dynamics Corporation $GD Shares Purchased by Linscomb Wealth Inc.

Linscomb Wealth Inc. lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,244 shares of the aerospace company’s stock after acquiring an additional 1,026 shares during the period. Linscomb Wealth Inc.’s holdings in General Dynamics were worth $4,154,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Abound Financial LLC acquired a new stake in General Dynamics during the 1st quarter worth about $32,000. Harbor Asset Planning Inc. acquired a new stake in General Dynamics during the 2nd quarter worth about $35,000. Nova Wealth Management Inc. acquired a new stake in shares of General Dynamics during the 1st quarter valued at about $33,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of General Dynamics by 70.4% during the 2nd quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock valued at $36,000 after buying an additional 50 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a report on Monday. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, Wolfe Research boosted their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Stock Up 0.3%

NYSE GD opened at $344.68 on Friday. The company has a fifty day moving average of $331.99 and a two-hundred day moving average of $304.11. The firm has a market capitalization of $93.10 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.05 and a beta of 0.47. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last announced its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed 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 dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Insider Buying and Selling

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 193,110 shares of company stock worth $60,778,364 in the last quarter. 1.50% of the stock is owned by insiders.

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.