General Dynamics Corporation $GD Shares Sold by Hamilton Capital LLC

Hamilton Capital LLC cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 7.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 842 shares of the aerospace company’s stock after selling 70 shares during the period. Hamilton Capital LLC’s holdings in General Dynamics were worth $230,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GD. Rialto Wealth Management LLC raised its position in shares of General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics in the first quarter valued at about $26,000. Copia Wealth Management acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics in the first quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at about $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total value 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. This trade represents a 42.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 178,821 shares of General Dynamics stock in a transaction on Friday, June 13th. The shares were sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the completion of the transaction, the chief executive officer owned 769,607 shares in the company, valued at approximately $217,898,829.91. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 458,260 shares of company stock worth $138,125,545 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Stock Up 0.1%

GD stock opened at $322.80 on Monday. 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 twelve month low of $239.20 and a twelve month high of $326.02. The company’s 50 day moving average is $310.66 and its two-hundred day moving average is $284.78. The stock has a market cap of $86.83 billion, a P/E ratio of 21.66, a PEG ratio of 1.98 and a beta of 0.50.

General Dynamics (NYSE:GD) last announced its earnings results 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 for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company 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 $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GD. UBS Group increased their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Robert W. Baird increased their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a research report on Thursday, July 24th. Citigroup increased their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Nine equities research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.