Yousif Capital Management LLC Sells 2,087 Shares of General Dynamics Corporation $GD

Yousif Capital Management LLC reduced its position in General Dynamics Corporation (NYSE:GD) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,095 shares of the aerospace company’s stock after selling 2,087 shares during the quarter. Yousif Capital Management LLC’s holdings in General Dynamics were worth $14,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in General Dynamics in the first quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics in the first quarter worth $27,000. Quarry LP lifted its position in 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 purchasing an additional 94 shares during the period. Abound Financial LLC bought a new position in General Dynamics in the first quarter worth $32,000. Finally, Nova Wealth Management Inc. bought a new position in General Dynamics in the first quarter worth $33,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $333.03 on Monday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $347.37. The firm has a market cap of $89.58 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The business has a fifty day moving average of $324.93 and a 200-day moving average of $297.14.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating 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 analyst estimates of $12.13 billion. During the same period last year, the company posted $3.26 earnings per share. The firm’s quarterly 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 fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given 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 dividend payout ratio (DPR) is presently 40.27%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. UBS Group increased their price objective on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. TD Cowen increased their price objective on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Susquehanna increased their price objective on General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Finally, Wolfe Research increased their price objective on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $324.11.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics 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 sale, the executive vice president owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by 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.