Foster & Motley Inc. Sells 280 Shares of General Dynamics Corporation $GD

Foster & Motley Inc. decreased its holdings in shares of General Dynamics Corporation (NYSE:GD) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,974 shares of the aerospace company’s stock after selling 280 shares during the quarter. Foster & Motley Inc.’s holdings in General Dynamics were worth $4,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Brighton Jones LLC raised its holdings in General Dynamics by 16.9% during the 4th 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. GAMMA Investing LLC raised its holdings in General Dynamics by 27.2% during the 1st quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company’s stock valued at $1,245,000 after acquiring an additional 977 shares during the period. Exchange Traded Concepts LLC grew its position in shares of General Dynamics by 16.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 901 shares of the aerospace company’s stock valued at $246,000 after purchasing an additional 125 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in shares of General Dynamics by 11.1% in the first quarter. Johnson Investment Counsel Inc. now owns 3,643 shares of the aerospace company’s stock worth $993,000 after buying an additional 365 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in General Dynamics by 26.8% during the first quarter. Blue Trust Inc. now owns 2,051 shares of the aerospace company’s stock valued at $559,000 after buying an additional 434 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $331.33 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $326.86 and a two-hundred day simple moving average of $298.89. The firm has a market cap of $89.12 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.03 and a beta of 0.47. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $347.37.

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

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

Insider Activity at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the sale, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This represents a 26.32% 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. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Barclays boosted their target price on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. The Goldman Sachs Group boosted their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Robert W. Baird upped their target price 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. Finally, Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $327.44.

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.