Sienna Gestion Has $918,000 Stock Position in General Dynamics Corporation $GD

Key Points

• Sienna Gestion has reduced its holdings in General Dynamics Corporation by 42.6%, now owning 3,463 shares valued at approximately $918,000.
• General Dynamics reported earnings per share (EPS) of $3.74 for the last quarter, exceeding estimates and reflecting an 8.9% year-over-year revenue increase.
• Insiders, including the CEO and a director, have sold significant amounts of stock recently, collectively totaling over $89 million in shares sold over the last three months.

Sienna Gestion cut its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 42.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,463 shares of the aerospace company's stock after selling 2,573 shares during the quarter. Sienna Gestion's holdings in General Dynamics were worth $918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. Rialto Wealth Management LLC increased its stake in General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after acquiring an additional 62 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in General Dynamics during the first quarter worth about $26,000. Copia Wealth Management acquired a new stake in General Dynamics during the fourth quarter worth about $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in General Dynamics during the first quarter worth about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD Cowen increased their target price on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Morgan Stanley lowered their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Susquehanna increased their target price on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a "hold" rating in a research note on Wednesday, July 9th. Finally, Cowen restated a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $315.78.

Insiders Place Their Bets

In related 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 completion of the sale, the executive vice president owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the sale, the executive vice president directly owned 39,875 shares of the company's stock, valued at approximately $12,452,165. The trade was a 52.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 448,900 shares of company stock valued at $135,121,890 over the last quarter. 1.50% of the stock is owned by insiders.

General Dynamics Stock Performance

General Dynamics stock traded up $1.0520 during mid-day trading on Wednesday, hitting $317.4520. 798,852 shares of the company's stock traded hands, compared to its average volume of 1,133,302. The firm has a 50 day moving average price of $301.09 and a 200 day moving average price of $278.37. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The company has a market cap of $85.39 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.94 and a beta of 0.48. General Dynamics Corporation has a one year low of $239.20 and a one year high of $322.50.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same period last year, the firm earned $3.26 EPS. The firm's revenue for the quarter 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 analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 of this dividend is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is 40.27%.

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.