Financial & Tax Architects LLC Has $7.24 Million Stock Holdings in General Dynamics Corporation $GD

Financial & Tax Architects LLC trimmed its stake in shares of General Dynamics Corporation (NYSE:GD) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,089 shares of the aerospace company’s stock after selling 1,532 shares during the period. General Dynamics comprises about 1.6% of Financial & Tax Architects LLC’s holdings, making the stock its 21st biggest holding. Financial & Tax Architects LLC’s holdings in General Dynamics were worth $7,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Joule Financial LLC lifted its stake in General Dynamics by 4.3% during the fourth quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock valued at $237,000 after buying an additional 29 shares in the last quarter. Brown Miller Wealth Management LLC increased its position in shares of General Dynamics by 0.3% in the fourth quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock worth $2,993,000 after acquiring an additional 29 shares in the last quarter. Steph & Co. raised its holdings in shares of General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 30 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of General Dynamics by 3.3% during the fourth quarter. Revolve Wealth Partners LLC now owns 978 shares of the aerospace company’s stock valued at $329,000 after acquiring an additional 31 shares during the period. Finally, New Wave Wealth Advisors LLC lifted its position in shares of General Dynamics by 4.4% in the 4th quarter. New Wave Wealth Advisors LLC now owns 733 shares of the aerospace company’s stock valued at $247,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

More General Dynamics News

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: UBS initiated coverage on General Dynamics with a Hold rating, adding another Wall Street view on the stock as investors reassess valuation and defense spending trends. General Dynamics (GD) Gets a Hold from UBS
• Positive Sentiment: General Dynamics was upgraded to Zacks Rank #2 (Buy), reflecting improving earnings optimism and supporting the case for further upside. General Dynamics (GD) Upgraded to Buy: Here’s What You Should Know
• Neutral Sentiment: Investors are also focused on General Dynamics’ upcoming second-quarter earnings report, with analysts expecting single-digit bottom-line growth, which could set the tone for the next move in the shares. General Dynamics’ Quarterly Earnings Preview: What You Need to Know
• Neutral Sentiment: Recent market commentary highlighted that GD has been outperforming the broader market, but the move appears tied more to broader defensive sentiment and company-specific catalysts than to a major new fundamental development. General Dynamics (GD) Rises Higher Than Market: Key Facts
• Neutral Sentiment: General Dynamics was also cited in a broader defense-industry story about CSG recruiting talent from major contractors, including GD, but the item is not directly material to General Dynamics’ near-term fundamentals. CSG Enters the Next Phase of Global Growth: Strengthening Its Leadership Team with Top Defence Executives

Insiders Place Their Bets

In related news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 78,190 shares of company stock worth $27,041,022 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GD shares. The Goldman Sachs Group decreased their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. Weiss Ratings downgraded shares of General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 19th. Wells Fargo & Company started coverage on General Dynamics in a report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 target price for the company. DA Davidson decreased their target price on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $388.40.

General Dynamics Stock Performance

GD stock opened at $354.29 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The stock has a market cap of $95.81 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.16 and a beta of 0.34. The firm has a 50 day simple moving average of $342.35 and a 200 day simple moving average of $347.77. General Dynamics Corporation has a 52 week low of $289.40 and a 52 week high of $369.70.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.66 earnings per share. Research analysts anticipate that General Dynamics Corporation will post 16.63 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s payout ratio is currently 40.03%.

About General Dynamics

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.