Trivium Point Advisory LLC Decreases Stake in General Dynamics Corporation $GD

Trivium Point Advisory LLC lowered its holdings in General Dynamics Corporation (NYSE:GD) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 704 shares of the aerospace company’s stock after selling 104 shares during the quarter. Trivium Point Advisory LLC’s holdings in General Dynamics were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC purchased a new stake in General Dynamics during the first quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in General Dynamics in the first quarter worth about $27,000. Quarry LP boosted its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Perkins Coie Trust Co boosted its stake in shares of General Dynamics by 80.0% in the first quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 52 shares during the period. Finally, Abound Financial LLC bought a new position in shares of General Dynamics in the first quarter worth about $32,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GD shares. Cowen reissued a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Robert W. Baird raised their price target on General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Wolfe Research upgraded General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a report on Thursday, July 24th. Finally, Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $315.78.

General Dynamics Price Performance

Shares of GD opened at $340.96 on Thursday. The company’s fifty day moving average price is $320.78 and its 200-day moving average price is $293.08. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $341.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market capitalization of $91.71 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.13 billion. During the same quarter in the previous year, the firm posted $3.26 EPS. 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 predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at $14,244,518.40. The trade was a 42.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by company insiders.

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.