Confluence Investment Management LLC Sells 2,114 Shares of General Dynamics Corporation $GD

Key Points

• Confluence Investment Management LLC has reduced its stake in General Dynamics Corporation by 2.5%, after selling 2,114 shares, leaving it with a total of 82,310 shares valued at approximately $24 million.
• General Dynamics recently declared a quarterly dividend of $1.50, which will be paid on November 14th, and represents an annualized yield of 1.8%.
• Analysts have varied ratings for General Dynamics, with price targets ranging from $315.00 to $365.00, indicating a consensus rating of "Hold" as well as a consensus price target of $315.78.

Confluence Investment Management LLC lowered its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,310 shares of the aerospace company's stock after selling 2,114 shares during the quarter. Confluence Investment Management LLC's holdings in General Dynamics were worth $24,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Retirement Guys Formula LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at about $1,692,000. Advisory Resource Group boosted its position in shares of General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock valued at $5,234,000 after acquiring an additional 1,276 shares during the last quarter. Mission Wealth Management LP boosted its position in shares of General Dynamics by 18.9% during the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock valued at $4,401,000 after acquiring an additional 2,568 shares during the last quarter. Matrix Asset Advisors Inc. NY boosted its position in shares of General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock valued at $9,171,000 after acquiring an additional 8,073 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in shares of General Dynamics by 11.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock valued at $4,504,000 after acquiring an additional 1,704 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $326.23 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The business's 50 day simple moving average is $313.76 and its two-hundred day simple moving average is $286.94. The stock has a market capitalization of $87.75 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50. General Dynamics Corporation has a one year low of $239.20 and a one year high of $330.18.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping 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 return on equity of 17.99% and a net margin of 8.13%.The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared 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. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's payout ratio is 40.27%.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company's stock, valued at $12,452,165. The trade was a 52.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,439 shares of company stock worth $87,495,956. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and boosted their target price for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. UBS Group increased their price target on shares of General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a "hold" rating in a research report on Wednesday, July 9th. Susquehanna increased their price target on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Finally, Barclays increased their price target on shares of General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of "Hold" and a consensus price target 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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