Confluence Investment Management LLC Sells 7,592 Shares of General Dynamics Corporation $GD

Confluence Investment Management LLC lessened its holdings in shares of General Dynamics Corporation (NYSE:GD) by 11.5% in the third quarter, Holdings Channel.com reports. The firm owned 58,398 shares of the aerospace company’s stock after selling 7,592 shares during the period. Confluence Investment Management LLC’s holdings in General Dynamics were worth $19,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oxford Financial Group LTD. LLC grew its position in shares of General Dynamics by 1.9% during the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock worth $505,000 after buying an additional 26 shares in the last quarter. Willner & Heller LLC boosted its stake in General Dynamics by 1.4% during the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after acquiring an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC grew its holdings in General Dynamics by 0.8% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after acquiring an additional 28 shares in the last quarter. Capital Advisors Inc. OK increased its position in shares of General Dynamics by 0.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 29 shares during the last quarter. Finally, Klingman & Associates LLC raised its stake in shares of General Dynamics by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 30 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Phebe Novakovic sold 51,568 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president directly owned 44,767 shares in the company, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 102,188 shares of company stock valued at $38,627,265. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GD has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Susquehanna increased their target price on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. BNP Paribas Exane lifted their target price on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Finally, UBS Group lifted their price objective on shares of General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $410.84.

General Dynamics Stock Performance

NYSE GD traded up $1.38 during trading hours on Thursday, reaching $333.21. The company’s stock had a trading volume of 401,240 shares, compared to its average volume of 1,290,452. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $371.17 and a 200 day simple moving average of $356.53. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The stock has a market cap of $90.15 billion, a PE ratio of 20.32, a PEG ratio of 1.92 and a beta of 0.32.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the company earned $3.74 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts predict that General Dynamics Corporation will post 16.99 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 13th. Shareholders of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

General Dynamics Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.