Jackson Thornton Wealth Management LLC Invests $600,000 in General Dynamics Corporation $GD

Jackson Thornton Wealth Management LLC bought a new position in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,731 shares of the aerospace company’s stock, valued at approximately $600,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of General Dynamics during the third quarter worth $26,000. Louisbourg Investments Inc. bought a new stake in shares of General Dynamics during the 3rd quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC raised its holdings in General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 49 shares during the last quarter. NewSquare Capital LLC boosted its position in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in General Dynamics in the 2nd quarter valued at about $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

General Dynamics Trading Down 0.2%

Shares of GD stock opened at $368.03 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $344.87 and its 200 day simple moving average is $331.40. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The firm has a market capitalization of $99.41 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.6%. General Dynamics’s dividend payout ratio is presently 38.89%.

Analysts Set New Price Targets

Several analysts have issued reports on GD shares. UBS Group boosted their target price on General Dynamics from $381.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday. Wolfe Research lifted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. TD Cowen raised their price target on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $366.70.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.