Transcend Capital Advisors LLC Has $722,000 Stock Holdings in General Dynamics Corporation $GD

Transcend Capital Advisors LLC cut its position in General Dynamics Corporation (NYSE:GD) by 70.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,476 shares of the aerospace company’s stock after selling 5,963 shares during the period. Transcend Capital Advisors LLC’s holdings in General Dynamics were worth $722,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of General Dynamics by 11.5% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock worth $4,504,000 after acquiring an additional 1,704 shares during the period. Pinnacle Financial Partners Inc raised its holdings in shares of General Dynamics by 1.5% during the first quarter. Pinnacle Financial Partners Inc now owns 63,228 shares of the aerospace company’s stock worth $16,741,000 after acquiring an additional 915 shares during the period. Marks Group Wealth Management Inc raised its holdings in shares of General Dynamics by 18.1% during the first quarter. Marks Group Wealth Management Inc now owns 31,620 shares of the aerospace company’s stock worth $8,619,000 after acquiring an additional 4,836 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in shares of General Dynamics by 31.3% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after acquiring an additional 1,333 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of General Dynamics by 10.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock worth $126,454,000 after acquiring an additional 43,885 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GD has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Barclays raised their target price on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Morgan Stanley set a $385.00 target price on shares of General Dynamics in a research report on Monday. Citigroup raised their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

General Dynamics Stock Performance

Shares of GD opened at $346.86 on Wednesday. The firm has a 50-day moving average of $330.91 and a 200-day moving average of $303.36. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. The company has a market cap of $93.69 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating 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 company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter last year, the firm posted $3.35 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 38.89%.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction dated 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 transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction dated Thursday, August 14th. The stock was 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 $5,260,782.80. The trade was a 51.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 193,110 shares of company stock worth $60,778,364. Corporate 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.