New England Professional Planning Group Inc. Decreases Stake in General Dynamics Corporation $GD

New England Professional Planning Group Inc. cut its holdings in General Dynamics Corporation (NYSE:GD) by 41.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150 shares of the aerospace company’s stock after selling 813 shares during the quarter. New England Professional Planning Group Inc.’s holdings in General Dynamics were worth $335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in General Dynamics during the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics during the first quarter worth $27,000. Quarry LP boosted its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Abound Financial LLC acquired a new stake in General Dynamics in the first quarter valued at $32,000. Finally, Nova Wealth Management Inc. purchased a new position in shares of General Dynamics in the first quarter valued at $33,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $346.60 on Tuesday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37. The stock has a market cap of $93.23 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.47. The business has a fifty day moving average of $322.58 and a 200-day moving average of $295.09. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. The firm had revenue of $13.04 billion during 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 in the prior year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 40.27%.

Analysts Set New Price Targets

GD has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Saturday, September 27th. UBS Group lifted their price target on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price target for the company in a report on Thursday, July 24th. Finally, Susquehanna boosted their price target on General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and an average price target of $315.78.

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.