Northcape Wealth Management LLC Has $4.65 Million Holdings in General Dynamics Corporation $GD

Northcape Wealth Management LLC grew its stake in General Dynamics Corporation (NYSE:GD) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,939 shares of the aerospace company’s stock after buying an additional 170 shares during the quarter. General Dynamics accounts for about 1.4% of Northcape Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Northcape Wealth Management LLC’s holdings in General Dynamics were worth $4,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares during the period. Abound Financial LLC acquired a new position in shares of General Dynamics in the first quarter valued at approximately $32,000. Nova Wealth Management Inc. acquired a new position in shares of General Dynamics in the first quarter valued at approximately $33,000. Harbor Asset Planning Inc. acquired a new position in shares of General Dynamics in the second quarter valued at approximately $35,000. Finally, Access Investment Management LLC acquired a new position in shares of General Dynamics in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. The Goldman Sachs Group increased their target price on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $350.89.

Insider Activity

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction 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 sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 193,110 shares of company stock valued at $60,778,364. 1.50% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

NYSE GD opened at $341.46 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $332.93 and its two-hundred day moving average price is $305.41. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The firm has a market capitalization of $92.23 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period in the prior year, the firm posted $3.35 earnings per share. The company’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. As a group, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company 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. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is 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.