General Dynamics Corporation $GD Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its holdings in General Dynamics Corporation (NYSE:GD) by 66.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,569 shares of the aerospace company’s stock after selling 3,164 shares during the quarter. Freedom Investment Management Inc.’s holdings in General Dynamics were worth $458,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. increased its stake in General Dynamics by 11.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock valued at $4,504,000 after purchasing an additional 1,704 shares during the period. Pinnacle Financial Partners Inc increased its stake in General Dynamics by 1.5% in the first quarter. Pinnacle Financial Partners Inc now owns 63,228 shares of the aerospace company’s stock valued at $16,741,000 after purchasing an additional 915 shares during the period. Marks Group Wealth Management Inc boosted its holdings in shares of General Dynamics by 18.1% in the first quarter. Marks Group Wealth Management Inc now owns 31,620 shares of the aerospace company’s stock valued at $8,619,000 after acquiring an additional 4,836 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of General Dynamics by 31.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $1,526,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of General Dynamics by 10.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock valued at $126,454,000 after acquiring an additional 43,885 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Up 2.6%

GD stock opened at $350.22 on Friday. The company has a market cap of $94.20 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.16 and a beta of 0.47. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company’s 50-day moving average price is $329.49 and its 200 day moving average price is $302.06. 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 (NYSE:GD) last announced its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The company had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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 given 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 payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

GD has been the topic of several analyst reports. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Saturday. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. The Goldman Sachs Group lifted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $327.44.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction dated 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 transaction, the executive vice president owned 39,875 shares in the company, valued at approximately $12,452,165. The trade was a 52.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics 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 transaction, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 242,460 shares of company stock valued at $76,192,291 in the last quarter. 1.50% of the stock is owned by corporate insiders.

General Dynamics 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.