CW Advisors LLC Has $13.74 Million Position in General Dynamics Corporation $GD

CW Advisors LLC increased its position in shares of General Dynamics Corporation (NYSE:GD) by 61.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,124 shares of the aerospace company’s stock after acquiring an additional 17,930 shares during the period. CW Advisors LLC’s holdings in General Dynamics were worth $13,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 buying an additional 43,885 shares during the period. Truist Financial Corp grew its holdings in General Dynamics by 0.5% during the 2nd quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company’s stock worth $83,548,000 after acquiring an additional 1,370 shares during the period. Pure Financial Advisors LLC raised its position in shares of General Dynamics by 52.4% in the 2nd quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company’s stock worth $2,678,000 after acquiring an additional 3,156 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of General Dynamics by 20.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after purchasing an additional 51,655 shares during the period. Finally, Silver Coast Investments LLC bought a new stake in shares of General Dynamics during the 2nd quarter valued at about $218,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In related news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.8%

Shares of NYSE GD opened at $338.41 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The company has a 50-day moving average price of $340.79 and a 200-day moving average price of $315.84. The stock has a market capitalization of $91.41 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.69 and a beta of 0.40. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 38.89%.

Wall Street Analyst Weigh In

GD has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. BNP Paribas Exane initiated coverage on shares of General Dynamics in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $410.00 price target for the company. Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.10.

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.