HT Partners LLC Makes New Investment in General Dynamics Corporation $GD

HT Partners LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 700 shares of the aerospace company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $27,000. Quarry LP boosted its stake in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of General Dynamics by 80.0% during the 1st quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 52 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cowen reissued a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and upped their target price for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Finally, TD Cowen upped their target price on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $315.78.

General Dynamics Trading Up 0.0%

Shares of General Dynamics stock opened at $340.91 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $341.68. The firm has a market cap of $91.70 billion, a PE ratio of 22.88, a P/E/G ratio of 2.09 and a beta of 0.47. The business’s fifty day moving average is $321.31 and its two-hundred day moving average is $293.60. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the prior year, the company posted $3.26 EPS. The business’s revenue for the quarter 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. Analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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

Insider Activity at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the sale, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,020 shares of company stock worth $86,414,503. Company insiders own 1.50% of the company’s stock.

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.