BNP Paribas Financial Markets Sells 68,924 Shares of General Dynamics Corporation $GD

Key Points

• BNP Paribas Financial Markets has reduced its holdings in General Dynamics Corporation by 12.5%, selling 68,924 shares and now owning approximately 0.18% of the company valued at $132 million.
• Significant insider selling occurred, with EVP Marguerite Amy Gilliland selling over 33,000 shares and VP William A. Moss selling nearly 18,000 shares, resulting in substantial decreases in their ownership.
• General Dynamics has declared a quarterly dividend of $1.50 per share, with the ex-dividend date set for October 10th, representing an annual yield of 1.8%.

BNP Paribas Financial Markets reduced its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 12.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 484,512 shares of the aerospace company's stock after selling 68,924 shares during the quarter. BNP Paribas Financial Markets owned about 0.18% of General Dynamics worth $132,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. Rialto Wealth Management LLC raised its holdings in General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in General Dynamics during the 1st quarter worth about $26,000. Copia Wealth Management bought a new stake in General Dynamics during the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the 1st quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics during the 4th quarter worth about $28,000. 86.14% of the stock is owned by institutional investors.

Insider Transactions at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the sale, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP William A. Moss sold 17,700 shares of the company's stock in a transaction that occurred 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 sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 458,260 shares of company stock worth $138,125,545. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GD shares. Argus set a $295.00 target price on General Dynamics in a research report on Tuesday, May 6th. TD Cowen boosted 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. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. UBS Group boosted their price objective on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Robert W. Baird boosted their price objective on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics has an average rating of "Hold" and a consensus target price of $315.78.

General Dynamics Stock Down 0.1%

NYSE GD traded down $0.27 during trading on Friday, hitting $324.64. The stock had a trading volume of 670,140 shares, compared to its average volume of 877,372. The company has a market capitalization of $87.33 billion, a PE ratio of 21.79, a P/E/G ratio of 1.99 and a beta of 0.50. The company's 50-day moving average price is $306.98 and its two-hundred day moving average price is $281.98. 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 12 month low of $239.20 and a 12 month high of $326.02.

General Dynamics (NYSE:GD - Get Free Report) 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 for the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics's payout ratio is presently 40.27%.

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.