General Dynamics Corporation $GD Shares Sold by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC lessened its position in General Dynamics Corporation (NYSE:GD) by 4.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 848 shares of the aerospace company’s stock after selling 41 shares during the period. Trinity Legacy Partners LLC’s holdings in General Dynamics were worth $231,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GD. Retirement Guys Formula LLC acquired a new stake in shares of General Dynamics in the first quarter valued at about $1,692,000. Advisory Resource Group lifted its stake in shares of General Dynamics by 7.1% in the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company’s stock valued at $5,234,000 after purchasing an additional 1,276 shares during the period. Mission Wealth Management LP lifted its stake in shares of General Dynamics by 18.9% in the first quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company’s stock valued at $4,401,000 after purchasing an additional 2,568 shares during the period. Matrix Asset Advisors Inc. NY lifted its stake in shares of General Dynamics by 31.6% in the first quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company’s stock valued at $9,171,000 after purchasing an additional 8,073 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in shares of General Dynamics by 11.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock valued at $4,504,000 after purchasing an additional 1,704 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the sale, the executive vice president owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. The trade was a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 448,900 shares of company stock valued at $135,121,890. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. TD Cowen raised their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Cowen restated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Barclays raised their target price on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Wolfe Research upgraded shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price for the company in a report on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $315.78.

General Dynamics Stock Performance

Shares of NYSE GD opened at $319.3560 on Friday. The company has a market cap of $85.90 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.94 and a beta of 0.48. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $322.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The company has a 50-day simple moving average of $302.55 and a 200-day simple moving average of $279.21.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics’s payout ratio is 40.27%.

About General Dynamics

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.