Roffman Miller Associates Inc. PA Purchases 4,676 Shares of General Dynamics Corporation $GD

Roffman Miller Associates Inc. PA boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 5.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 83,282 shares of the aerospace company’s stock after buying an additional 4,676 shares during the period. General Dynamics accounts for about 1.5% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 27th largest holding. Roffman Miller Associates Inc. PA’s holdings in General Dynamics were worth $24,290,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GD. Quarry LP raised its stake 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 acquiring an additional 94 shares during the last quarter. Abound Financial LLC acquired a new stake in General Dynamics during the 1st quarter valued at $32,000. Nova Wealth Management Inc. bought a new position in General Dynamics in the 1st quarter valued at $33,000. Harbor Asset Planning Inc. acquired a new position in General Dynamics in the second quarter worth $35,000. Finally, Access Investment Management LLC bought a new stake in shares of General Dynamics during the second quarter worth $35,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Down 1.0%

GD opened at $341.46 on Tuesday. The firm has a 50 day simple moving average of $332.93 and a 200 day simple moving average of $305.41. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The company has a market cap of $92.23 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.05 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 released its earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping 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 net margin of 8.18% and a return on equity of 18.27%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is presently 38.89%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GD. Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research report on Monday, October 27th. Wolfe Research upped their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research note on Monday, October 27th. Citigroup boosted their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, UBS Group increased their price objective on General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Two investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

Insider Activity

In related news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This trade represents a 24.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 193,110 shares of company stock valued at $60,778,364. Insiders own 1.50% of the company’s stock.

General Dynamics Company 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.