Mission Wealth Management LP Has $4.66 Million Holdings in General Dynamics Corporation $GD

Mission Wealth Management LP decreased its holdings in General Dynamics Corporation (NYSE:GD) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,977 shares of the aerospace company’s stock after selling 167 shares during the quarter. Mission Wealth Management LP’s holdings in General Dynamics were worth $4,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GD. Quarry LP boosted its position in 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 acquiring an additional 94 shares during the last quarter. Abound Financial LLC acquired a new position in shares of General Dynamics during the first quarter valued at about $32,000. Nova Wealth Management Inc. acquired a new position in shares of General Dynamics during the first quarter valued at about $33,000. Harbor Asset Planning Inc. acquired a new position in shares of General Dynamics during the second quarter valued at about $35,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of General Dynamics by 70.4% during the second quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 50 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,110 shares of company stock worth $60,778,364 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a report on Monday, October 27th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics Trading Up 0.0%

Shares of GD stock opened at $344.81 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The company has a 50-day simple moving average of $332.50 and a two-hundred day simple moving average of $304.76. The company has a market capitalization of $93.14 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the prior year, the firm posted $3.35 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 38.89%.

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.