Hutchinson Financial Advisors INC Takes $1.68 Million Position in General Dynamics Corporation $GD

Hutchinson Financial Advisors INC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,766 shares of the aerospace company’s stock, valued at approximately $1,682,000. General Dynamics makes up 0.7% of Hutchinson Financial Advisors INC’s portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP lifted its holdings in shares of General Dynamics by 783.3% during the 1st 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 purchased a new stake in shares of General Dynamics in the 1st quarter worth $32,000. Nova Wealth Management Inc. purchased a new position in General Dynamics during the first quarter valued at $33,000. Harbor Asset Planning Inc. purchased a new position in General Dynamics during the second quarter valued at $35,000. Finally, Salomon & Ludwin LLC increased its position in General Dynamics by 70.4% in the second quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock worth $36,000 after buying an additional 50 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Up 0.0%

Shares of GD stock opened at $344.81 on Friday. The firm has a market capitalization of $93.14 billion, a PE ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. The stock has a fifty day simple moving average of $332.50 and a two-hundred day simple moving average of $304.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, analysts predict 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. Stockholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Insider Activity

In other news, VP William A. Moss sold 17,700 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s 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 transaction, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 193,110 shares of company stock valued at $60,778,364. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GD has been the topic of several recent research reports. Sanford C. Bernstein raised their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Citigroup raised their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Melius Research raised General Dynamics to a “strong-buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price objective on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $350.89.

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.