Resources Management Corp CT ADV Sells 1,127 Shares of General Dynamics Corporation $GD

Key Points

• Resources Management Corp CT ADV has reduced its stake in General Dynamics Corporation by 24.1%, selling 1,127 shares and now holding 3,554 shares valued at approximately $969,000.
• General Dynamics recently reported earnings of $3.74 per share, surpassing analysts' expectations, and set a fiscal year 2025 guidance of 15.050-15.150 EPS.
• The company announced a quarterly dividend of $1.50 per share, with an ex-dividend date of October 10th, representing an annualized yield of 1.9%.

Resources Management Corp CT ADV cut its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 24.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,554 shares of the aerospace company's stock after selling 1,127 shares during the period. Resources Management Corp CT ADV's holdings in General Dynamics were worth $969,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. increased its position in General Dynamics by 0.5% in the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after purchasing an additional 37 shares during the period. Sharpepoint LLC grew its stake in shares of General Dynamics by 4.2% during the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock worth $249,000 after purchasing an additional 37 shares during the period. United Asset Strategies Inc. grew its stake in shares of General Dynamics by 1.2% during the first quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock worth $856,000 after purchasing an additional 37 shares during the period. 1858 Wealth Management LLC grew its position in shares of General Dynamics by 1.2% during the 1st quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company's stock worth $879,000 after buying an additional 38 shares during the period. Finally, Keystone Financial Services grew its position in shares of General Dynamics by 1.6% during the 1st quarter. Keystone Financial Services now owns 2,421 shares of the aerospace company's stock worth $660,000 after buying an additional 38 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Up 2.0%

NYSE:GD traded up $6.55 during trading hours on Thursday, reaching $329.60. 834,075 shares of the stock were exchanged, compared to its average volume of 1,387,949. The stock has a market cap of $88.66 billion, a PE ratio of 22.12, a PEG ratio of 1.97 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $330.00. The firm has a 50 day moving average of $312.40 and a 200 day moving average of $285.84.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. The company had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's payout ratio is 40.27%.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's 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 $14,244,518.40. This trade represents a 42.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 458,260 shares of company stock valued at $138,125,545. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GD shares. JPMorgan Chase & Co. boosted their target price on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Cowen restated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Citigroup boosted their target price on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and boosted their target price for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. Finally, Barclays boosted their target price on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average price target of $315.78.

General Dynamics Company 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.