Tompkins Financial Corp Sells 1,161 Shares of General Dynamics Corporation $GD

Key Points

• Tompkins Financial Corp reduced its stake in General Dynamics by 4.3%, selling 1,161 shares and now holding 26,119 shares valued at approximately $7.6 million.
• General Dynamics reported an earnings per share of $3.74 for the last quarter, surpassing analysts' estimates, and projected FY 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 dividend yield of 1.8%.

Tompkins Financial Corp trimmed its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,119 shares of the aerospace company's stock after selling 1,161 shares during the period. Tompkins Financial Corp's holdings in General Dynamics were worth $7,618,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GD. JPMorgan Chase & Co. grew its holdings in General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company's stock valued at $1,499,819,000 after buying an additional 256,687 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock valued at $749,252,000 after acquiring an additional 709,782 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of General Dynamics by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company's stock worth $431,327,000 after acquiring an additional 5,313 shares during the last quarter. Boston Partners increased its position in General Dynamics by 7.9% during the first quarter. Boston Partners now owns 1,296,497 shares of the aerospace company's stock worth $353,558,000 after acquiring an additional 94,537 shares during the period. Finally, Deutsche Bank AG raised its stake in General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock valued at $343,866,000 after purchasing an additional 690,349 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares of the company's stock, 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. 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 currently owned by company insiders.

General Dynamics Stock Performance

General Dynamics stock opened at $325.47 on Thursday. The firm has a market capitalization of $87.55 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.00 and a beta of 0.50. The stock has a fifty day moving average price of $315.50 and a two-hundred day moving average price of $288.50. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.18. 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 (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping 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 business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the prior year, the firm earned $3.26 EPS. The firm's quarterly 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 anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on GD. UBS Group raised their price target on shares of General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Susquehanna increased their target price on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. TD Cowen boosted their price target on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price objective on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Robert W. Baird upped their target price 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 research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $315.78.

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.

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