General Dynamics Corporation $GD Holdings Decreased by Bank of Hawaii

Key Points

• Bank of Hawaii reduced its stake in General Dynamics Corporation by 11.4%, now holding 8,358 shares valued at approximately $2.28 million.
• Several analysts have set varying target prices for General Dynamics, with JPMorgan raising its target to $345.00 and a consensus rating of "Hold" with an average target price of $315.78.
• General Dynamics announced a quarterly dividend of $1.50 per share, with a payout date scheduled for November 14th, reflecting a 1.9% dividend yield.

Bank of Hawaii reduced its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,358 shares of the aerospace company's stock after selling 1,077 shares during the period. Bank of Hawaii's holdings in General Dynamics were worth $2,278,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ICONIQ Capital LLC acquired a new stake in shares of General Dynamics during the first quarter worth $209,000. Cadence Bank grew its position in shares of General Dynamics by 3.2% during the 1st quarter. Cadence Bank now owns 37,102 shares of the aerospace company's stock valued at $10,113,000 after buying an additional 1,137 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of General Dynamics by 2.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,940 shares of the aerospace company's stock valued at $522,000 after buying an additional 41 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in General Dynamics by 3.3% during the first quarter. Bahl & Gaynor Inc. now owns 252,180 shares of the aerospace company's stock worth $68,739,000 after acquiring an additional 8,165 shares during the period. Finally, AlphaQuest LLC lifted its holdings in General Dynamics by 61.9% in the first quarter. AlphaQuest LLC now owns 11,048 shares of the aerospace company's stock worth $3,011,000 after acquiring an additional 4,223 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GD shares. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. UBS Group increased their target price 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. Finally, Argus set a $295.00 price target on shares of General Dynamics in a research note on Tuesday, May 6th. 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 company's stock. According to MarketBeat, General Dynamics presently has a consensus rating of "Hold" and an average target price of $315.78.

Insider Transactions at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction 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 transaction, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leon Rudy F. De sold 5,490 shares of the stock in a transaction dated 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 directly owned 5,483 shares of the company's stock, valued at approximately $1,715,137.23. This represents a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,900 shares of company stock worth $135,121,890. 1.50% of the stock is currently owned by insiders.

General Dynamics Stock Performance

Shares of GD opened at $319.3560 on Monday. 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 firm's 50 day moving average is $302.55 and its 200-day moving average is $279.52. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $322.50. The stock has a market capitalization of $85.90 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.96 and a beta of 0.48.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $3.26 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company 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 $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is 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.

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