General Dynamics Corporation $GD Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its stake in General Dynamics Corporation by 2.7%, selling 2,725 shares, bringing their total holdings to 98,471 shares valued at $26.84 million.
• Wall Street analysts are optimistic about General Dynamics, with Wolfe Research upgrading their rating from "peer perform" to "outperform" and setting a price target of $360.00.
• General Dynamics plans to pay a quarterly dividend of $1.50 on November 14th, with a current annual yield of 1.9%.

Epoch Investment Partners Inc. trimmed its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,471 shares of the aerospace company's stock after selling 2,725 shares during the period. Epoch Investment Partners Inc.'s holdings in General Dynamics were worth $26,841,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GD. JPMorgan Chase & Co. grew its position in shares of General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company's stock valued at $1,499,819,000 after purchasing an additional 256,687 shares in the last quarter. Royal Bank of Canada lifted its position in shares of General Dynamics by 5.2% in the fourth quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company's stock worth $773,355,000 after buying an additional 145,978 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in 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 buying an additional 709,782 shares in the last quarter. Northern Trust Corp increased its stake in General Dynamics by 4.2% in the 4th quarter. Northern Trust Corp now owns 2,606,137 shares of the aerospace company's stock worth $686,691,000 after acquiring an additional 103,870 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of General Dynamics by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company's stock worth $431,327,000 after acquiring an additional 5,313 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

GD has been the subject of a number of recent research reports. UBS Group raised their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. TD Cowen lifted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Cowen restated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a "market perform" rating in a research note on Monday, July 14th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $315.78.

General Dynamics Stock Performance

Shares of GD stock traded down $0.27 during mid-day trading on Friday, reaching $324.64. The stock had a trading volume of 670,140 shares, compared to its average volume of 888,420. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $326.02. The firm has a market cap of $87.33 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.99 and a beta of 0.48. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The business's fifty day moving average is $306.98 and its 200-day moving average is $281.52.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.27. The company had revenue of $13.04 billion during 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%.General Dynamics'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, research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics's payout ratio is presently 40.27%.

Insiders Place Their Bets

In related 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 transaction of $13,696,600.80. Following the transaction, the executive vice president owned 39,875 shares in the company, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher J. Brady sold 8,150 shares of the business's stock in a transaction on Monday, August 25th. The stock was 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 458,260 shares of company stock worth $138,125,545. 1.50% of the stock is currently owned by insiders.

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.