General Dynamics Corporation $GD Shares Sold by Arlington Partners LLC

Key Points

• Arlington Partners LLC reduced its stake in General Dynamics Corporation by 5.1%, now holding 15,972 shares valued at approximately $4.66 million, which constitutes 1.7% of their total holdings.
• General Dynamics reported a stronger-than-expected quarterly earnings with an EPS of $3.74, surpassing analysts' predictions by $0.27, along with a revenue of $13.04 billion.
• The company announced a quarterly dividend of $1.50 per share, reflecting a 1.9% yield and a payout ratio of 40.27%, with the payment date set for November 14th.

Arlington Partners LLC decreased its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,972 shares of the aerospace company's stock after selling 863 shares during the quarter. General Dynamics comprises approximately 1.7% of Arlington Partners LLC's portfolio, making the stock its 14th biggest holding. Arlington Partners LLC's holdings in General Dynamics were worth $4,658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rialto Wealth Management LLC boosted its holdings in General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after buying an additional 62 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $26,000. Copia Wealth Management purchased a new position in General Dynamics in the 4th quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics during the first quarter worth $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the fourth quarter worth $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GD has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research 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. Susquehanna raised their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Cowen reissued a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $315.78.

General Dynamics Trading Down 0.3%

NYSE:GD traded down $1.04 during trading hours on Monday, reaching $323.05. 1,354,933 shares of the company were exchanged, compared to its average volume of 913,739. The firm has a market cap of $86.90 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.99 and a beta of 0.50. The stock has a 50 day simple moving average of $316.73 and a 200 day simple moving average of $290.21. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the company posted $3.26 EPS. The business'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. As a group, analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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 issued a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. General Dynamics's payout ratio is presently 40.27%.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's stock in a transaction dated 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 directly owned 45,192 shares of the company's stock, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the company's stock in a transaction dated 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 sale, the vice president directly owned 16,627 shares of the company's stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 in the last quarter. Insiders own 1.50% of the company's stock.

General Dynamics Company 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.