General Dynamics Corporation $GD Shares Sold by First Financial Corp IN

First Financial Corp IN reduced its stake in General Dynamics Corporation (NYSE:GD) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 813 shares of the aerospace company’s stock after selling 276 shares during the quarter. First Financial Corp IN’s holdings in General Dynamics were worth $237,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC lifted its holdings in shares of General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in General Dynamics during the 1st quarter worth approximately $26,000. Copia Wealth Management purchased a new stake in General Dynamics during the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in General Dynamics during the 1st quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen upped their target price on shares of General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Susquehanna upped their target price on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their target price 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. Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a research note on Thursday, July 24th. Finally, Citigroup upped 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. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and a consensus target price of $315.78.

General Dynamics Trading Up 0.2%

NYSE GD opened at $326.71 on Tuesday. 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 firm’s fifty day moving average price is $314.39 and its 200 day moving average price is $287.97. The company has a market capitalization of $87.88 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $330.18.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion for 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 revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced 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 dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Insider Transactions at General Dynamics

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the stock in a transaction 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 in the company, valued at $12,452,165. This represents a 52.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction on 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 owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 271,800 shares of company stock worth $85,353,674. Insiders own 1.50% of the company’s stock.

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.