Trexquant Investment LP Sells 39,509 Shares of General Dynamics Corporation $GD

Trexquant Investment LP trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD) by 52.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,529 shares of the aerospace company’s stock after selling 39,509 shares during the quarter. Trexquant Investment LP’s holdings in General Dynamics were worth $9,684,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GD. Brighton Jones LLC grew its holdings in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $266,000. Beacon Pointe Advisors LLC grew its holdings in General Dynamics by 7.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,039 shares of the aerospace company’s stock worth $1,591,000 after acquiring an additional 420 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in General Dynamics by 13.6% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,819 shares of the aerospace company’s stock worth $480,000 after acquiring an additional 218 shares during the last quarter. Finally, 4WEALTH Advisors Inc. bought a new stake in General Dynamics during the 4th quarter worth approximately $341,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Performance

NYSE:GD opened at $324.64 on Friday. The company has a fifty day moving average of $306.98 and a 200-day moving average of $281.52. The firm has a market capitalization of $87.33 billion, a P/E ratio of 21.79, a P/E/G ratio of 1.99 and a beta of 0.48. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $326.02.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share 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 net margin of 8.13% and a return on equity of 17.99%. General Dynamics’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed 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 is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is presently 40.27%.

Insider Activity

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction on 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 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 SEC, which is accessible through this hyperlink. Also, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the transaction, the executive vice president owned 39,875 shares in the company, valued at approximately $12,452,165. The trade was a 52.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 458,260 shares of company stock valued at $138,125,545. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GD shares. Wolfe Research upgraded shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. UBS Group boosted their price target on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. TD Cowen boosted their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Finally, Barclays boosted their price target on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $315.78.

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.