General Dynamics Corporation $GD Shares Sold by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC cut its position in shares of General Dynamics Corporation (NYSE:GD) by 1.1% during the 2nd quarter, Holdings Channel reports. The firm owned 4,769 shares of the aerospace company’s stock after selling 53 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in General Dynamics were worth $1,391,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GD. Inlight Wealth Management LLC acquired a new position in shares of General Dynamics during the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Dynamics during the 1st quarter worth $27,000. Quarry LP boosted its stake in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of General Dynamics by 80.0% during the 1st quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 52 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in shares of General Dynamics during the 1st quarter worth $32,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of NYSE:GD opened at $343.76 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $345.22. The business has a fifty day simple moving average of $321.91 and a 200 day simple moving average of $294.30. The firm has a market cap of $92.47 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.10 and a beta of 0.47.

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

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GD. Citigroup raised their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Saturday, September 27th. TD Cowen increased their target price on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Cowen restated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Finally, Barclays increased their target price on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $315.78.

Insider Buying and Selling

In related news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares in the company, 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. Insiders sold a total of 275,020 shares of company stock valued at $86,414,503 in the last quarter. Insiders own 1.50% of the company’s stock.

General Dynamics 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.