Oregon Public Employees Retirement Fund Sells 100 Shares of General Dynamics Corporation $GD

Oregon Public Employees Retirement Fund lowered its stake in General Dynamics Corporation (NYSE:GD) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,745 shares of the aerospace company’s stock after selling 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in General Dynamics were worth $6,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GD. Inlight Wealth Management LLC bought a new position in shares of General Dynamics during the 1st quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics during the 1st quarter worth approximately $27,000. Quarry LP boosted its holdings in General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Abound Financial LLC acquired a new stake in General Dynamics in the first quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. bought a new stake in shares of General Dynamics during the first quarter valued at approximately $33,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. Susquehanna lifted their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Cowen restated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $324.11.

General Dynamics Trading Up 0.5%

NYSE:GD opened at $334.64 on Tuesday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $347.37. The firm has a 50-day moving average price of $325.37 and a two-hundred day moving average price of $297.59. 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 $90.01 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. The company 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%.General Dynamics’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm 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 dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s payout ratio is presently 40.27%.

Insider Buying and Selling

In related news, VP William A. Moss sold 17,700 shares of the 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 transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction dated Friday, August 8th. The stock was 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 approximately $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Company Profile

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.