General Dynamics Corporation $GD Shares Sold by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki Wealth & Investment Management reduced its stake in General Dynamics Corporation by 46.8%, selling 2,035 shares and leaving them with 2,316 shares valued at approximately $632,000.
• General Dynamics announced a quarterly dividend of $1.50 per share, with the ex-dividend date set for October 10th, representing an annualized dividend yield of 1.8%.
• Analysts have varied ratings for General Dynamics, with price targets ranging from $290.00 to $360.00, while the average target price stands at $315.78 and the stock has a current average rating of "Hold".

Gerber Kawasaki Wealth & Investment Management lessened its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 46.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,316 shares of the aerospace company's stock after selling 2,035 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in General Dynamics were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of GD. Rialto Wealth Management LLC increased its position in shares of General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of General Dynamics during the 1st quarter valued at approximately $26,000. Copia Wealth Management bought a new position in shares of General Dynamics during the 4th quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics in the first quarter worth $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Robert W. Baird raised their price target on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Argus set a $295.00 price target on General Dynamics in a research note on Tuesday, May 6th. Wolfe Research raised General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price for the company in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a "hold" rating to a "buy" rating and lifted their target price for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Finally, Citigroup lifted their target price on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of "Hold" and a consensus price target of $315.78.

Insider Buying and Selling

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Malcolm sold 1,210 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $319.04, for a total value of $386,038.40. Following the transaction, the director owned 10,186 shares of the company's stock, valued at $3,249,741.44. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 458,260 shares of company stock worth $138,125,545 over the last quarter. Corporate insiders own 1.50% of the company's stock.

General Dynamics Price Performance

Shares of GD stock traded down $0.58 during trading hours on Tuesday, hitting $323.99. 512,260 shares of the company's stock were exchanged, compared to its average volume of 1,410,384. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $326.02. The firm has a market cap of $87.15 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.99 and a beta of 0.50. The firm has a 50 day moving average of $307.82 and a two-hundred day moving average of $282.56.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping 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 firm had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the previous year, the business earned $3.26 earnings per share. 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. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is presently 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.