Eagle Strategies LLC Invests $211,000 in General Dynamics Corporation $GD

Eagle Strategies LLC purchased a new position in shares of General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 725 shares of the aerospace company’s stock, valued at approximately $211,000.

Other large investors also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new stake in General Dynamics during the 1st quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the 1st quarter valued at approximately $27,000. Quarry LP boosted its stake in 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 purchasing an additional 94 shares during the period. Abound Financial LLC acquired a new position in General Dynamics in the 1st quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new position in General Dynamics in the 1st quarter valued at approximately $33,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GD shares. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a “market perform” rating in a report on Monday, July 14th. Barclays upped their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Citigroup upped their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus target price of $319.00.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’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 transaction, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president owned 39,875 shares in the company, valued at $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 over the last three months. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Down 1.0%

Shares of GD opened at $342.81 on Friday. The firm has a market capitalization of $92.21 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.12 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The business’s fifty day moving average price is $324.48 and its two-hundred day moving average price is $296.30. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $347.37.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

General Dynamics 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.