Hunter Perkins Capital Management LLC Decreases Holdings in General Dynamics Corporation $GD

Hunter Perkins Capital Management LLC reduced its holdings in shares of General Dynamics Corporation (NYSE:GD) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 25,612 shares of the aerospace company’s stock after selling 160 shares during the period. General Dynamics makes up 1.8% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Hunter Perkins Capital Management LLC’s holdings in General Dynamics were worth $7,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares during the period. Signal Advisors Wealth LLC grew its stake in shares of General Dynamics by 13.5% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,460 shares of the aerospace company’s stock valued at $398,000 after purchasing an additional 174 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of General Dynamics by 4.3% in the first quarter. Gateway Investment Advisers LLC now owns 2,753 shares of the aerospace company’s stock valued at $750,000 after purchasing an additional 113 shares during the period. Perennial Advisors LLC raised its stake in shares of General Dynamics by 1.6% during the first quarter. Perennial Advisors LLC now owns 24,733 shares of the aerospace company’s stock worth $6,742,000 after purchasing an additional 384 shares during the last quarter. Finally, Revolve Wealth Partners LLC lifted its holdings in shares of General Dynamics by 8.1% during the first quarter. Revolve Wealth Partners LLC now owns 857 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 64 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. Cowen reaffirmed a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. UBS Group raised their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Citigroup upped their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research note 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Hold” and an average target price of $315.78.

General Dynamics Stock Up 0.8%

GD opened at $343.76 on Monday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $345.22. The business has a 50-day moving average of $321.91 and a two-hundred day moving average of $294.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $92.47 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.10 and a beta of 0.47.

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

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is currently 40.27%.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by company insiders.

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.