Cwm LLC Raises Stock Holdings in General Dynamics Corporation $GD

Cwm LLC lifted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 9.4% in the second quarter, HoldingsChannel.com reports. The fund owned 73,022 shares of the aerospace company’s stock after acquiring an additional 6,279 shares during the period. Cwm LLC’s holdings in General Dynamics were worth $21,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its position in shares of General Dynamics by 28.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 35,100 shares of the aerospace company’s stock valued at $10,242,000 after acquiring an additional 7,874 shares during the last quarter. Tranquility Partners LLC increased its position in shares of General Dynamics by 3.5% during the second quarter. Tranquility Partners LLC now owns 1,098 shares of the aerospace company’s stock valued at $320,000 after acquiring an additional 37 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of General Dynamics by 19.6% during the second quarter. Concurrent Investment Advisors LLC now owns 18,841 shares of the aerospace company’s stock valued at $5,495,000 after acquiring an additional 3,089 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in shares of General Dynamics by 17.2% during the second quarter. Johnson Investment Counsel Inc. now owns 4,268 shares of the aerospace company’s stock valued at $1,245,000 after acquiring an additional 625 shares during the last quarter. Finally, AdviceOne Advisory Services LLC purchased a new stake in shares of General Dynamics during the second quarter valued at approximately $441,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

General Dynamics stock opened at $333.03 on Monday. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37. The business has a fifty day moving average price of $324.93 and a 200-day moving average price of $297.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market capitalization of $89.58 billion, a P/E ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS 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 firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the company earned $3.26 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Insider Buying and Selling

In related news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 in the last ninety days. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GD has been the subject of several research reports. Susquehanna increased their price objective on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Finally, Citigroup increased their price objective on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Hold” and an average price target of $324.11.

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.