Cypress Wealth Services LLC Decreases Holdings in General Dynamics Corporation $GD

Cypress Wealth Services LLC lowered its stake in General Dynamics Corporation (NYSE:GD) by 14.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 984 shares of the aerospace company’s stock after selling 171 shares during the quarter. Cypress Wealth Services LLC’s holdings in General Dynamics were worth $287,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Nuveen LLC purchased a new stake in General Dynamics in the 1st quarter valued at approximately $272,464,000. Ameriprise Financial Inc. lifted its stake in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the period. Deutsche Bank AG lifted its stake in shares of General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the period. Finally, Aurora Private Wealth Inc. lifted its stake in shares of General Dynamics by 25,390.6% during the 1st quarter. Aurora Private Wealth Inc. now owns 203,670 shares of the aerospace company’s stock worth $55,516,000 after purchasing an additional 202,871 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.3%

GD stock opened at $335.52 on Wednesday. The business has a fifty day simple moving average of $325.81 and a 200-day simple moving average of $297.86. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $347.37. The company has a market cap of $90.25 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.06 and a beta of 0.47.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the company posted $3.26 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays increased their price target on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Robert W. Baird upped their price objective on General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Citigroup upped their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $324.11.

Insider Buying and Selling

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company’s stock, valued at $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% 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 over the last ninety days. Insiders own 1.50% of the company’s stock.

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.