Teza Capital Management LLC Sells 9,651 Shares of General Dynamics Corporation $GD

Key Points

• Teza Capital Management LLC significantly reduced its stake in General Dynamics by 67.4%, leaving it with 4,663 shares valued at approximately $1.27 million.
• Several hedge funds have increased their investments in General Dynamics, with notable increases from GAMMA Investing LLC and Ameriprise Financial Inc., highlighting strong institutional interest in the company.
• General Dynamics announced a quarterly dividend of $1.50 scheduled for November 14th, representing a 1.9% yield based on its current stock price.

Teza Capital Management LLC trimmed its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 67.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,663 shares of the aerospace company's stock after selling 9,651 shares during the period. Teza Capital Management LLC's holdings in General Dynamics were worth $1,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. Rialto Wealth Management LLC boosted its stake in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares during the period. Inlight Wealth Management LLC purchased a new position in General Dynamics during the first quarter valued at $26,000. Copia Wealth Management bought a new stake in General Dynamics in the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in General Dynamics in the 1st quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Dynamics during the 4th quarter valued at about $28,000. Institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GD shares. TD Cowen boosted their target price on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and increased their target price for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Finally, Robert W. Baird increased their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Nine investment 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. Based on data from MarketBeat, General Dynamics currently has an average rating of "Hold" and a consensus price target of $315.78.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company'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 directly owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the sale, the executive vice president directly owned 45,192 shares of the company's stock, valued at $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 90 days, insiders sold 458,260 shares of company stock valued at $138,125,545. 1.50% of the stock is owned by company insiders.

General Dynamics Trading Up 0.5%

Shares of GD traded up $1.51 during midday trading on Wednesday, hitting $322.84. The stock had a trading volume of 709,136 shares, compared to its average volume of 1,391,169. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $326.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The stock's 50 day moving average is $311.82 and its 200 day moving average is $285.59. The firm has a market cap of $86.84 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50.

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, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the prior year, the firm posted $3.26 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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