General Dynamics Corporation $GD Shares Sold by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,350 shares of the aerospace company’s stock after selling 53 shares during the period. Berkeley Capital Partners LLC’s holdings in General Dynamics were worth $1,269,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. 1858 Wealth Management LLC grew its holdings in General Dynamics by 1.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC grew its holdings in General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after purchasing an additional 33 shares in the last quarter. Crewe Advisors LLC grew its holdings in General Dynamics by 10.9% during the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after purchasing an additional 34 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in General Dynamics by 2.9% during the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 36 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in General Dynamics by 0.5% during the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock valued at $2,161,000 after acquiring an additional 37 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on GD. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. TD Cowen increased their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $327.44.

General Dynamics Trading Up 1.9%

General Dynamics stock opened at $337.34 on Tuesday. The firm’s 50-day moving average is $327.31 and its 200-day moving average is $299.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37. The company has a market cap of $90.74 billion, a P/E ratio of 22.64, a PEG ratio of 2.04 and a beta of 0.47.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $3.26 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Insiders Place Their Bets

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by company insiders.

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.