Cullen Investment Group LTD. Sells 421 Shares of General Dynamics Corporation $GD

Cullen Investment Group LTD. lowered its holdings in General Dynamics Corporation (NYSE:GD) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,488 shares of the aerospace company’s stock after selling 421 shares during the period. Cullen Investment Group LTD.’s holdings in General Dynamics were worth $1,309,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC boosted its holdings in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the period. Inlight Wealth Management LLC bought a new stake in General Dynamics in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics in the 1st quarter valued at about $27,000. Copia Wealth Management bought a new stake in General Dynamics in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at approximately $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $326.23 on Friday. The company has a 50 day simple moving average of $313.76 and a 200 day simple moving average of $286.94. The stock has a market cap of $87.75 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.02 and a beta of 0.50. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $330.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (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 analysts’ expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the company’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 value of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at approximately $12,452,165. This represents a 52.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’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 transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,439 shares of company stock worth $87,495,956. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GD has been the subject of several analyst reports. 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 research report on Thursday, July 24th. Citigroup boosted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating 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 target price for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. TD Cowen boosted their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Finally, Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average 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.