Trexquant Investment LP cut its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 52.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,529 shares of the aerospace company's stock after selling 39,509 shares during the period. Trexquant Investment LP's holdings in General Dynamics were worth $9,684,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Guys Formula LLC purchased a new position in General Dynamics during the first quarter valued at approximately $1,692,000. Advisory Resource Group grew its position in General Dynamics by 7.1% in the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock worth $5,234,000 after acquiring an additional 1,276 shares in the last quarter. Mission Wealth Management LP grew its position in General Dynamics by 18.9% in the first quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock worth $4,401,000 after acquiring an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its position in General Dynamics by 31.6% in the first quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock worth $9,171,000 after acquiring an additional 8,073 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its position in General Dynamics by 11.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock worth $4,504,000 after acquiring an additional 1,704 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, VP William A. Moss sold 17,700 shares of General Dynamics 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 completion of the sale, the vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 458,260 shares of company stock worth $138,125,545. 1.50% of the stock is currently owned by company insiders.
General Dynamics Price Performance
General Dynamics stock traded down $1.84 during mid-day trading on Wednesday, hitting $322.55. 403,297 shares of the company were exchanged, compared to its average volume of 1,406,550. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $308.68 and a 200 day moving average of $282.85. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $326.02. The company has a market capitalization of $86.76 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.99 and a beta of 0.50.
General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. The company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.
General Dynamics Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is 40.27%.
Wall Street Analyst Weigh In
GD has been the topic of several analyst reports. Robert W. Baird increased their target price on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Citigroup increased their price target on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group increased their price target on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $315.78.
Get Our Latest Stock Analysis on General Dynamics
General Dynamics Company Profile
(
Free Report)
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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