Belpointe Asset Management LLC Sells 44 Shares of General Dynamics Corporation $GD

Belpointe Asset Management LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,961 shares of the aerospace company’s stock after selling 44 shares during the quarter. Belpointe Asset Management LLC’s holdings in General Dynamics were worth $1,155,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the period. Miracle Mile Advisors LLC boosted its position in General Dynamics by 3.7% during the first quarter. Miracle Mile Advisors LLC now owns 2,605 shares of the aerospace company’s stock worth $710,000 after purchasing an additional 92 shares during the period. Park Avenue Securities LLC boosted its position in General Dynamics by 12.7% during the first quarter. Park Avenue Securities LLC now owns 11,685 shares of the aerospace company’s stock worth $3,185,000 after purchasing an additional 1,313 shares during the period. First Citizens Bank & Trust Co. bought a new stake in General Dynamics during the first quarter worth approximately $216,000. Finally, Moss Adams Wealth Advisors LLC bought a new stake in General Dynamics during the first quarter worth approximately $222,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD opened at $343.47 on Wednesday. The business has a fifty day simple moving average of $323.16 and a 200 day simple moving average of $295.42. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $92.39 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.12 and a beta of 0.47. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The business 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%.General Dynamics’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 40.27%.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock valued at $86,414,503 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GD shares. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. TD Cowen upped their target price on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. UBS Group upped their price target on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a “hold” rating to a “buy” rating and upped their price target for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Finally, Citigroup upped their price target on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, General Dynamics has an average rating of “Hold” and a consensus 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.