Brown Lisle Cummings Inc. Sells 960 Shares of General Dynamics Corporation $GD

Key Points

• Brown Lisle Cummings Inc. has reduced its stake in General Dynamics by 24.4%, selling 960 shares and owning a total of 2,973 shares worth approximately $867,000.
• General Dynamics reported earnings of $3.74 per share for the last quarter, exceeding expectations, and has set its FY 2025 guidance between 15.050 and 15.150 EPS.
• The company declared a quarterly dividend of $1.50 per share, reflecting a 1.8% yield and a payout ratio of 40.27%.

Brown Lisle Cummings Inc. reduced its position in General Dynamics Corporation (NYSE:GD - Free Report) by 24.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,973 shares of the aerospace company's stock after selling 960 shares during the period. Brown Lisle Cummings Inc.'s holdings in General Dynamics were worth $867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. GAMMA Investing LLC raised its holdings in General Dynamics by 34,578.2% during the 1st quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after acquiring an additional 1,241,011 shares during the period. Nuveen LLC purchased a new position in shares of General Dynamics in the first quarter valued at $272,464,000. Ameriprise Financial Inc. raised its stake in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock valued at $749,252,000 after purchasing an additional 709,782 shares during the period. Deutsche Bank AG lifted its holdings in General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock worth $343,866,000 after purchasing an additional 690,349 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company's stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the period. Institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

NYSE:GD opened at $330.54 on Friday. The company has a market capitalization of $88.91 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.99 and a beta of 0.50. The business has a 50 day moving average of $318.73 and a 200 day moving average of $291.48. 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 Corporation has a 1-year low of $239.20 and a 1-year high of $330.63.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is presently 40.27%.

Insider Activity

In other news, VP William A. Moss sold 17,700 shares of General Dynamics 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 transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president directly owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,020 shares of company stock valued at $86,414,503. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GD. Robert W. Baird upped their target price on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen lowered General Dynamics from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a "market perform" rating in a research report on Monday, July 14th. Finally, Citigroup boosted their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Nine equities research 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 MarketBeat.com, General Dynamics currently has an average rating of "Hold" and an average target price of $315.78.

About General Dynamics

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.

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