Secure Asset Management LLC Sells 2,951 Shares of General Dynamics Corporation $GD

Key Points

• Secure Asset Management LLC reduced its holdings in General Dynamics Corporation by 38.0%, owning 4,813 shares after selling 2,951 shares, which are currently valued at approximately $1.4 million.
• In recent transactions, General Dynamics executives have sold significant amounts of stock, with EVP Marguerite Amy Gilliland selling 33,740 shares for over $10.6 million, representing a 42.75% decrease in her position.
• General Dynamics will pay a quarterly dividend of $1.50 on November 14th, which results in an annualized yield of 1.8% and a payout ratio of 40.27%.

Secure Asset Management LLC lessened its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 38.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,813 shares of the aerospace company's stock after selling 2,951 shares during the period. Secure Asset Management LLC's holdings in General Dynamics were worth $1,404,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC raised its holdings in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 62 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in General Dynamics in the 1st quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics in the 1st quarter valued at approximately $27,000. Copia Wealth Management acquired a new position in General Dynamics in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in General Dynamics in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were 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 of the company's stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred 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 transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on GD. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Susquehanna upped their price objective on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Wolfe Research upgraded General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and upped their price objective for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Finally, Robert W. Baird upped their price objective on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $315.78.

General Dynamics Stock Performance

Shares of NYSE:GD traded down $1.04 during trading on Monday, reaching $323.05. 1,354,933 shares of the stock were exchanged, compared to its average volume of 913,739. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $330.18. The firm has a market cap of $86.90 billion, a PE ratio of 21.68, a PEG ratio of 1.99 and a beta of 0.50. The stock has a 50-day moving average price of $316.73 and a 200-day moving average price of $290.21. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 8.13% and a return on equity of 17.99%. The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 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 14th. Investors of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is presently 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.