General Dynamics Corporation $GD Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. reduced its holdings in General Dynamics by 1.3% in Q2, owning 93,518 shares worth approximately $27.28 million after selling 1,249 shares.
• Insider selling has been notable, with EVP Marguerite Amy Gilliland selling 33,740 shares for over $10 million and Director Mark Malcolm disposing of 3,220 shares for about $1.06 million, marking significant decreases in their positions.
• General Dynamics has strong financials, reporting earnings of $3.88 per share and a revenue of $12.91 billion for the last quarter, surpassing analyst expectations.

Asset Management One Co. Ltd. trimmed its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,518 shares of the aerospace company's stock after selling 1,249 shares during the period. Asset Management One Co. Ltd.'s holdings in General Dynamics were worth $27,275,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GD. 1858 Wealth Management LLC increased its stake in shares of General Dynamics by 1.0% in the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company's stock valued at $950,000 after purchasing an additional 32 shares during the period. Nicholson Wealth Management Group LLC increased its stake in shares of General Dynamics by 0.5% in the second quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company's stock valued at $1,920,000 after purchasing an additional 33 shares during the period. Crewe Advisors LLC increased its stake in shares of General Dynamics by 10.9% in the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company's stock valued at $101,000 after purchasing an additional 34 shares during the period. Salvus Wealth Management LLC increased its stake in shares of General Dynamics by 2.9% in the second quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company's stock valued at $372,000 after purchasing an additional 36 shares during the period. Finally, Principal Securities Inc. increased its stake in shares of General Dynamics by 0.5% in the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock valued at $2,161,000 after purchasing an additional 37 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 242,460 shares of company stock valued at $76,192,291 in the last ninety days. 1.50% of the stock is owned by company insiders.

General Dynamics Trading Up 2.6%

Shares of NYSE:GD opened at $350.22 on Friday. The stock has a market capitalization of $94.20 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.10 and a beta of 0.47. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a 50 day moving average price of $329.49 and a 200 day moving average price of $301.72.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping analysts' consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion during the quarter, compared to analysts' expectations of $12.49 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

Analyst Ratings Changes

Several equities research analysts have commented on GD shares. JPMorgan Chase & Co. raised their price target 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. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the company a "hold" rating in a research note on Wednesday, July 9th. Wolfe Research raised their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Robert W. Baird raised their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $327.44.

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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