Twin Tree Management LP Trims Stock Position in General Dynamics Corporation $GD

Key Points

• Twin Tree Management LP significantly reduced its holdings in General Dynamics Corporation by 85.9%, now holding 10,481 shares valued at approximately $2.86 million.
• Insider transactions showed a notable decrease in ownership, as Director Mark Malcolm sold 1,210 shares and VP Christopher J. Brady sold 8,150 shares recently.
• General Dynamics announced a $1.50 quarterly dividend to be paid on November 14th, with a current yield of 1.8% and a dividend payout ratio of 40.27%.

Twin Tree Management LP lessened its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 85.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,481 shares of the aerospace company's stock after selling 63,839 shares during the period. Twin Tree Management LP's holdings in General Dynamics were worth $2,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC boosted its position 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 buying an additional 62 shares during the period. Inlight Wealth Management LLC purchased a new position in General Dynamics in the 1st quarter valued at approximately $26,000. Copia Wealth Management purchased a new position in General Dynamics in the 4th quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics in the 1st quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Activity

In related news, VP Christopher J. Brady sold 8,150 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the sale, the vice president owned 22,818 shares of the company's stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company's 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 completion of the sale, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This trade represents a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 458,260 shares of company stock valued at $138,125,545 in the last quarter. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

GD has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Barclays lifted their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Citigroup lifted their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. TD Cowen lifted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Susquehanna lifted their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $315.78.

General Dynamics Stock Performance

NYSE GD traded down $0.41 during trading on Thursday, reaching $322.40. The company's stock had a trading volume of 943,788 shares, compared to its average volume of 1,405,422. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The firm has a market cap of $86.72 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.99 and a beta of 0.50. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $326.02. The business's fifty day moving average price is $309.41 and its 200-day moving average price is $283.12.

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, beating analysts' consensus estimates 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 analyst estimates of $12.13 billion. During the same period in the previous year, the business posted $3.26 earnings per share. General Dynamics's quarterly revenue was up 8.9% on a year-over-year basis. 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 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 dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. General Dynamics's payout ratio is currently 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.