United Capital Management of KS Inc. Sells 13,389 Shares of General Dynamics Corporation $GD

Key Points

• United Capital Management of KS Inc. significantly reduced its stake in General Dynamics Corporation by 66.9% in Q1, now holding 6,637 shares valued at approximately $1.81 million.
• Several institutional investors have increased their holdings in General Dynamics, including Capital Research Global Investors and JPMorgan Chase & Co., indicating strong interest in the stock.
• General Dynamics announced a quarterly dividend of $1.50 per share, resulting in an annualized dividend of $6.00 and a yield of 1.9%.

United Capital Management of KS Inc. reduced its position in General Dynamics Corporation (NYSE:GD - Free Report) by 66.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,637 shares of the aerospace company's stock after selling 13,389 shares during the quarter. United Capital Management of KS Inc.'s holdings in General Dynamics were worth $1,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GD. Rialto Wealth Management LLC increased its holdings in shares of General Dynamics by 213.8% in the first 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 in the last quarter. Inlight Wealth Management LLC bought a new position in shares of General Dynamics in the 1st quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of General Dynamics in the first quarter valued at about $27,000. Copia Wealth Management acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 178,821 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the transaction, the chief executive officer directly owned 769,607 shares of the company's stock, valued at approximately $217,898,829.91. This trade represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon Rudy F. De sold 5,490 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $312.81, for a total transaction of $1,717,326.90. Following the sale, the director owned 5,483 shares of the company's stock, valued at approximately $1,715,137.23. This represents a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 319,810 shares of company stock valued at $94,643,139. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GD. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Morgan Stanley reduced their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Citigroup upped their price objective on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a "market perform" rating in a research note on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft raised General Dynamics from a "hold" rating to a "buy" rating and upped their price objective for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $315.78.

General Dynamics Trading Up 0.9%

NYSE GD traded up $2.7570 on Tuesday, reaching $316.3370. The company had a trading volume of 748,278 shares, compared to its average volume of 1,446,629. The firm has a market cap of $85.09 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.92 and a beta of 0.48. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $322.50. The business has a 50 day moving average of $299.48 and a two-hundred day moving average of $277.83. 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 quarterly earnings data 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. The firm had revenue of $13.04 billion during 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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 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 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.