General Dynamics Corporation $GD Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in General Dynamics Corporation by 0.9%, selling 14,541 shares, and now holds approximately 1.53 million shares valued at $416.6 million.
• General Dynamics reported a quarterly earnings per share (EPS) of $3.74, surpassing estimates by $0.27, alongside a revenue of $13.04 billion for the quarter.
• The company announced a quarterly dividend of $1.50 per share, which will be paid on November 14th, representing an annualized yield of 1.9%.

Dimensional Fund Advisors LP lessened its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,528,204 shares of the aerospace company's stock after selling 14,541 shares during the period. Dimensional Fund Advisors LP owned approximately 0.57% of General Dynamics worth $416,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after purchasing an additional 417 shares during the period. Federated Hermes Inc. lifted its stake in shares of General Dynamics by 16.4% in the 4th quarter. Federated Hermes Inc. now owns 1,476 shares of the aerospace company's stock valued at $389,000 after purchasing an additional 208 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of General Dynamics by 17.2% in the 4th quarter. CreativeOne Wealth LLC now owns 2,380 shares of the aerospace company's stock valued at $627,000 after purchasing an additional 350 shares during the period. Jump Financial LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at $209,000. Finally, Gabelli Funds LLC lifted its stake in shares of General Dynamics by 8.4% in the 4th quarter. Gabelli Funds LLC now owns 5,170 shares of the aerospace company's stock valued at $1,362,000 after purchasing an additional 400 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GD shares. Argus set a $295.00 target price on shares of General Dynamics in a research note on Tuesday, May 6th. TD Cowen boosted their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Robert W. Baird upped their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. UBS Group upped their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the stock a "market perform" rating in a research report on Monday, July 14th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, General Dynamics currently has a consensus rating of "Hold" and a consensus price target of $315.78.

General Dynamics Stock Performance

Shares of GD traded down $0.3830 during mid-day trading on Thursday, reaching $317.0970. 204,097 shares of the company's stock were exchanged, compared to its average volume of 1,434,612. The business's fifty day simple moving average is $301.09 and its 200-day simple moving average is $278.37. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $322.50. 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 stock has a market capitalization of $85.30 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.94 and a beta of 0.48.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating 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 firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the firm posted $3.26 EPS. General Dynamics'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. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. General Dynamics's dividend payout ratio (DPR) is 40.27%.

Insider Buying and Selling

In other General Dynamics news, Director Leon Rudy F. De sold 5,490 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $312.81, for a total value of $1,717,326.90. Following the completion of the sale, the director owned 5,483 shares of the company's stock, valued at approximately $1,715,137.23. This trade represents a 50.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares of the company's stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,900 shares of company stock valued at $135,121,890 in the last quarter. Corporate 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.