General Dynamics Corporation $GD Shares Sold by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC reduced its holdings in shares of General Dynamics Corporation (NYSE:GD) by 83.0% during the 1st quarter, HoldingsChannel reports. The firm owned 601 shares of the aerospace company’s stock after selling 2,937 shares during the period. Glen Eagle Advisors LLC’s holdings in General Dynamics were worth $206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC boosted its stake in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after buying an additional 69 shares during the period. Steph & Co. increased its position in General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 30 shares during the period. Scarborough Advisors LLC purchased a new stake in General Dynamics during the 1st quarter valued at approximately $29,000. Wilkerson Advisory Group LLC raised its stake in General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 39 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its position in General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at $13,457,677.75. This represents a 48.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. This represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 78,190 shares of company stock valued at $27,041,022. 1.40% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

NYSE GD opened at $393.85 on Wednesday. The stock has a market capitalization of $106.51 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.34 and a beta of 0.34. The business’s 50 day moving average is $358.18 and its two-hundred day moving average is $352.28. General Dynamics Corporation has a 12-month low of $306.03 and a 12-month high of $395.43. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. During the same period last year, the firm earned $3.66 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Research analysts expect that General Dynamics Corporation will post 16.66 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be given a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics’s dividend payout ratio is presently 40.03%.

Analyst Ratings Changes

Several brokerages have weighed in on GD. Jefferies Financial Group lifted their target price on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $385.00 price target on shares of General Dynamics in a report on Thursday, April 30th. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. BNP Paribas Exane dropped their price objective on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $393.32.

Key Headlines Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Analysts expect General Dynamics to report approximately $3.97 in earnings per share and $13.54 billion in revenue for the second quarter. Expectations for a potential earnings beat are supporting investor sentiment ahead of the release. General Dynamics Q2 earnings expectations
• Positive Sentiment: The aerospace and defense sector continues to benefit from strong defense demand and improved production activity. General Dynamics is included among companies viewed as capable of meeting or exceeding second-quarter targets, which could reinforce confidence in its backlog and long-term growth prospects. Aerospace and defense earnings targets
• Neutral Sentiment: General Dynamics’ dividend remains an attraction for income-oriented investors, with a reported yield of roughly 1.63%. However, the immediate focus is likely to remain on quarterly earnings, guidance and cash flow rather than the dividend. General Dynamics dividend and earnings preview
• Negative Sentiment: Investors remain concerned about rising costs, supply-chain constraints and execution risks. Any margin pressure, production delays or cautious guidance could offset strong demand and trigger profit-taking after the stock’s recent advance. Aerospace and defense earnings risks

General Dynamics 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.