Chilton Capital Management LLC Cuts Holdings in General Dynamics Corporation $GD

Chilton Capital Management LLC reduced its position in General Dynamics Corporation (NYSE:GD) by 96.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,311 shares of the aerospace company’s stock after selling 92,939 shares during the period. Chilton Capital Management LLC’s holdings in General Dynamics were worth $966,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of General Dynamics in the 1st quarter worth $27,000. Quarry LP raised its position in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares during the period. Abound Financial LLC purchased a new position in shares of General Dynamics in the 1st quarter worth $32,000. Harbor Asset Planning Inc. purchased a new position in shares of General Dynamics in the 2nd quarter worth $35,000. Finally, Nova Wealth Management Inc. purchased a new position in shares of General Dynamics in the 1st quarter worth $33,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Up 2.6%

Shares of General Dynamics stock opened at $350.22 on Monday. The business has a 50-day moving average of $329.49 and a 200-day moving average of $302.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The company has a market capitalization of $94.20 billion, a PE ratio of 22.70, a P/E/G ratio of 2.15 and a beta of 0.47. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50.

General Dynamics (NYSE:GD) last announced its 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 company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’s revenue was up 10.6% on a year-over-year basis. During the same period last 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 analysts forecast that General Dynamics Corporation will post 14.83 EPS 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. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Insider Buying and Selling at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the 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 transaction, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. The trade was a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,110 shares of company stock valued at $60,778,364. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of several recent research reports. Robert W. Baird increased their price target on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Morgan Stanley increased their price target on General Dynamics from $328.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Barclays increased their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. One investment 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 company. According to data from MarketBeat, General Dynamics presently has an average rating of “Hold” and a consensus price target of $327.44.

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.