General Dynamics Corporation $GD Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC decreased its stake in General Dynamics Corporation (NYSE:GD) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,612 shares of the aerospace company’s stock after selling 160 shares during the quarter. General Dynamics makes up 1.8% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 18th biggest position. Hunter Perkins Capital Management LLC’s holdings in General Dynamics were worth $7,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Inlight Wealth Management LLC purchased a new position in shares of General Dynamics in the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics in the 1st quarter valued at $27,000. Quarry LP lifted its holdings in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Abound Financial LLC acquired a new stake in General Dynamics during the 1st quarter worth $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in shares of General Dynamics during the first quarter worth $33,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GD. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Citigroup raised their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. TD Cowen increased their price target on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Finally, Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a “market perform” rating in a research note on Monday, July 14th. One research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $315.78.

Insider Buying and Selling

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction 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 owned 39,875 shares in the company, valued at $12,452,165. The trade was a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock worth $86,414,503 over the last three months. 1.50% of the stock is owned by insiders.

General Dynamics Stock Up 0.8%

NYSE:GD opened at $343.76 on Monday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $345.22. The stock’s fifty day moving average is $321.91 and its two-hundred day moving average is $294.50. The stock has a market capitalization of $92.47 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.10 and a beta of 0.47. 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 (NYSE:GD) last posted its earnings results 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. The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.General Dynamics’s revenue was up 8.9% on a year-over-year basis. During the same quarter 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 year.

General Dynamics Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio is 40.27%.

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.