General Dynamics Corporation $GD Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its position in General Dynamics Corporation (NYSE:GD) by 66.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,569 shares of the aerospace company’s stock after selling 3,164 shares during the period. Freedom Investment Management Inc.’s holdings in General Dynamics were worth $458,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. raised its position in shares of General Dynamics by 11.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock valued at $4,504,000 after buying an additional 1,704 shares during the last quarter. Pinnacle Financial Partners Inc increased its position in General Dynamics by 1.5% during the first quarter. Pinnacle Financial Partners Inc now owns 63,228 shares of the aerospace company’s stock worth $16,741,000 after purchasing an additional 915 shares during the last quarter. Marks Group Wealth Management Inc increased its position in General Dynamics by 18.1% during the first quarter. Marks Group Wealth Management Inc now owns 31,620 shares of the aerospace company’s stock worth $8,619,000 after purchasing an additional 4,836 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its position in General Dynamics by 31.3% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in General Dynamics by 10.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock worth $126,454,000 after purchasing an additional 43,885 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GD. JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Barclays upped their price target on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Wolfe Research upped their price target on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $327.44.

General Dynamics Price Performance

GD opened at $350.22 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 52-week low of $239.20 and a 52-week high of $360.50. The company has a 50 day moving average of $329.49 and a two-hundred day moving average of $302.06. The company has a market cap of $94.20 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.16 and a beta of 0.47.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the firm earned $3.35 earnings per share. General Dynamics’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is 40.27%.

Insiders Place Their Bets

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at approximately $12,452,165. This represents a 52.38% 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 this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction on Friday, August 8th. The shares were 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 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. In the last ninety days, insiders sold 242,460 shares of company stock valued at $76,192,291. Corporate insiders own 1.50% of the company’s stock.

General Dynamics 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.