Voleon Capital Management LP Sells 7,993 Shares of General Dynamics Corporation $GD

Voleon Capital Management LP trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 40.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 11,815 shares of the aerospace company’s stock after selling 7,993 shares during the period. Voleon Capital Management LP’s holdings in General Dynamics were worth $3,221,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Rialto Wealth Management LLC increased its stake in shares of General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of General Dynamics in the 1st quarter worth approximately $26,000. Copia Wealth Management bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Dynamics in the 1st quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $28,000. 86.14% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 458,260 shares of company stock worth $138,125,545. Insiders own 1.50% of the company’s stock.

General Dynamics Trading Up 0.1%

Shares of GD stock opened at $322.80 on Monday. The firm’s 50 day moving average is $310.66 and its 200 day moving average is $284.78. The stock has a market capitalization of $86.83 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.98 and a beta of 0.50. 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 Corporation has a 12-month low of $239.20 and a 12-month high of $326.02.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 40.27%.

Analysts Set New Price Targets

A number of analysts have recently commented on GD shares. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Susquehanna upped their price objective on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Finally, UBS Group upped their price objective on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $315.78.

General Dynamics Company 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.