Ignite Planners LLC Sells 175 Shares of General Dynamics Corporation $GD

Ignite Planners LLC cut its holdings in shares of General Dynamics Corporation (NYSE:GD) by 9.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,630 shares of the aerospace company’s stock after selling 175 shares during the quarter. Ignite Planners LLC’s holdings in General Dynamics were worth $487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GD. Brighton Jones LLC raised its holdings in General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares during the period. Miracle Mile Advisors LLC raised its holdings in General Dynamics by 3.7% during the first quarter. Miracle Mile Advisors LLC now owns 2,605 shares of the aerospace company’s stock valued at $710,000 after acquiring an additional 92 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of General Dynamics in the first quarter worth about $216,000. Pallas Capital Advisors LLC bought a new stake in shares of General Dynamics in the first quarter worth about $267,000. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of General Dynamics by 5.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,523 shares of the aerospace company’s stock worth $688,000 after purchasing an additional 133 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Up 0.9%

Shares of NYSE GD opened at $346.45 on Thursday. The business’s 50 day moving average is $323.85 and its two-hundred day moving average is $295.77. 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 Corporation has a 1-year low of $239.20 and a 1-year high of $347.37. The stock has a market capitalization of $93.19 billion, a P/E ratio of 23.25, a PEG ratio of 2.10 and a beta of 0.47.

General Dynamics (NYSE:GD) last released 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 analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts expect 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. Stockholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is currently 40.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GD shares. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Wednesday. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. Finally, Susquehanna lifted their target price on General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and an average price target of $319.00.

Insider Activity

In other news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction that occurred 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 approximately $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by corporate insiders.

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.