Exchange Capital Management Inc. Sells 302 Shares of General Dynamics Corporation $GD

Exchange Capital Management Inc. lowered its stake in shares of General Dynamics Corporation (NYSE:GD) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,528 shares of the aerospace company’s stock after selling 302 shares during the period. Exchange Capital Management Inc.’s holdings in General Dynamics were worth $3,070,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics during the 1st quarter valued at $27,000. Quarry LP lifted its holdings in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares during the period. Perkins Coie Trust Co grew its holdings 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 purchased a new stake in General Dynamics during the first quarter valued at $32,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on GD shares. Robert W. Baird raised their target price on General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Citigroup boosted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on shares of General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research report on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $315.78.

General Dynamics Stock Performance

NYSE GD opened at $340.91 on Friday. 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 twelve month low of $239.20 and a twelve month high of $341.68. The business has a 50-day moving average price of $321.31 and a 200-day moving average price of $293.60. The firm has a market cap of $91.70 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.47.

General Dynamics (NYSE:GD) last posted 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 for the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the previous year, the firm earned $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. As a group, equities research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by corporate insiders.

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.