Venture Visionary Partners LLC Sells 2,290 Shares of General Dynamics Corporation $GD

Key Points

• Venture Visionary Partners LLC reduced its stake in General Dynamics by 53.2%, selling 2,290 shares to hold a total of 2,012 shares, valued at $548,000 at the end of the quarter.
• General Dynamics has received favorable analyst ratings, with many setting price targets above $300, including TD Cowen raising their target to $300 and Deutsche Bank upgrading to a target of $342.
• The company recently announced a quarterly dividend of $1.50 per share, indicating a solid annual yield of 1.9% and a payout ratio of 40.27%.

Venture Visionary Partners LLC trimmed its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 53.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,012 shares of the aerospace company's stock after selling 2,290 shares during the quarter. Venture Visionary Partners LLC's holdings in General Dynamics were worth $548,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GD. Retirement Guys Formula LLC bought a new stake in shares of General Dynamics in the 1st quarter worth approximately $1,692,000. Advisory Resource Group boosted its position in shares of General Dynamics by 7.1% in the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock worth $5,234,000 after purchasing an additional 1,276 shares in the last quarter. Mission Wealth Management LP boosted its position in shares of General Dynamics by 18.9% in the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock worth $4,401,000 after purchasing an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its position in shares of General Dynamics by 31.6% in the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock worth $9,171,000 after purchasing an additional 8,073 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in shares of General Dynamics by 11.5% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock worth $4,504,000 after purchasing an additional 1,704 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GD has been the topic of a number of analyst reports. TD Cowen boosted their price target on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Wolfe Research raised General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price target on the stock in a research report on Thursday, July 24th. Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a "hold" rating in a report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has a consensus rating of "Hold" and an average price target of $315.78.

General Dynamics Price Performance

Shares of GD opened at $317.4520 on Thursday. The firm has a market cap of $85.39 billion, a PE ratio of 21.31, a P/E/G ratio of 1.94 and a beta of 0.48. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $301.09 and a two-hundred day simple moving average of $278.37. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $322.50.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business 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 dividend of $1.50 per share. 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 payout ratio is currently 40.27%.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP William A. Moss sold 17,700 shares of the company's 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 owned 16,627 shares of the company's stock, valued at $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 448,900 shares of company stock worth $135,121,890 over the last three months. 1.50% of the stock is currently owned by insiders.

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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