General Dynamics Corporation $GD Shares Sold by Confluence Investment Management LLC

Key Points

• Confluence Investment Management cut its General Dynamics stake by 11.5% in the third quarter, selling 7,592 shares and retaining 58,398 shares valued at approximately $19.4 million. Institutional investors collectively own 86.14% of the company.
• Analysts maintain a generally positive outlook, with General Dynamics receiving a “Moderate Buy” consensus rating and an average price target of $410.84. Several firms recently raised their targets to between $420 and $440.
• General Dynamics reported quarterly EPS of $4.24 and revenue of $14.09 billion, exceeding analyst expectations, while revenue grew 8.1% year over year. The company also declared a quarterly dividend of $1.59 per share, equivalent to a 1.9% yield.

Confluence Investment Management LLC decreased its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 11.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 58,398 shares of the aerospace company's stock after selling 7,592 shares during the period. Confluence Investment Management LLC's holdings in General Dynamics were worth $19,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its holdings in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Wellington Altus USA Inc. lifted its position in General Dynamics by 77.8% during the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company's stock worth $27,000 after buying an additional 35 shares during the period. Paladin Partners LLC acquired a new stake in General Dynamics in the 2nd quarter worth about $30,000. Scarborough Advisors LLC purchased a new stake in General Dynamics in the 1st quarter valued at about $29,000. Finally, Wilkerson Advisory Group LLC increased its stake in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 39 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of the sale, the director owned 3,096 shares in the company, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Gilliland sold 43,180 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 102,188 shares of company stock valued at $38,627,265 over the last quarter. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Wells Fargo & Company increased their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. TD Cowen boosted their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings restated a "buy (b)" rating on shares of General Dynamics in a report on Monday. Finally, UBS Group increased their target price on General Dynamics from $395.00 to $408.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has an average rating of "Moderate Buy" and an average price target of $410.84.

General Dynamics Trading Up 0.4%

GD traded up $1.38 during trading on Thursday, hitting $333.21. 401,240 shares of the company's stock were exchanged, compared to its average volume of 1,290,452. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The stock has a 50 day moving average price of $371.17 and a 200 day moving average price of $356.53. The firm has a market cap of $90.15 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.92 and a beta of 0.32. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter last year, the firm posted $3.74 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, analysts expect that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, October 9th. General Dynamics's payout ratio is currently 38.80%.

General Dynamics Company Profile

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.

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