Retirement Guys Formula LLC Sells 3,864 Shares of General Dynamics Corporation $GD

Retirement Guys Formula LLC cut its position in General Dynamics Corporation (NYSE:GD) by 60.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,546 shares of the aerospace company’s stock after selling 3,864 shares during the period. Retirement Guys Formula LLC’s holdings in General Dynamics were worth $868,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Truist Financial Corp increased its position in General Dynamics by 0.5% in the second quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company’s stock worth $83,548,000 after buying an additional 1,370 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in General Dynamics by 52.4% during the second quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company’s stock valued at $2,678,000 after purchasing an additional 3,156 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of General Dynamics by 20.9% in the second quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock worth $87,246,000 after purchasing an additional 51,655 shares in the last quarter. Alteri Wealth LLC boosted its holdings in shares of General Dynamics by 12.9% in the second quarter. Alteri Wealth LLC now owns 2,086 shares of the aerospace company’s stock worth $608,000 after acquiring an additional 239 shares during the period. Finally, Silver Coast Investments LLC purchased a new position in General Dynamics during the second quarter valued at approximately $218,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Down 0.8%

Shares of NYSE:GD opened at $336.69 on Friday. The stock has a 50 day moving average of $341.75 and a 200 day moving average of $324.70. The company has a market cap of $90.95 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.67 and a beta of 0.41. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is currently 38.89%.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Robert W. Baird set a $390.00 target price on General Dynamics in a report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Finally, Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $358.50.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.