Chilton Capital Management LLC Decreases Holdings in General Dynamics Corporation $GD

Chilton Capital Management LLC trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD) by 96.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,311 shares of the aerospace company’s stock after selling 92,939 shares during the period. Chilton Capital Management LLC’s holdings in General Dynamics were worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GD. Brighton Jones LLC lifted its holdings in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares during the last quarter. GAMMA Investing LLC lifted its holdings in General Dynamics by 27.2% during the 1st quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company’s stock worth $1,245,000 after buying an additional 977 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in General Dynamics by 114.9% during the 1st quarter. Golden State Wealth Management LLC now owns 490 shares of the aerospace company’s stock worth $134,000 after buying an additional 262 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of General Dynamics by 94.6% in the 1st quarter. Diversified Trust Co now owns 4,322 shares of the aerospace company’s stock valued at $1,178,000 after purchasing an additional 2,101 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of General Dynamics by 8.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,434 shares of the aerospace company’s stock valued at $10,073,000 after purchasing an additional 2,786 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 193,110 shares of company stock worth $60,778,364 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Stock Performance

Shares of GD stock opened at $350.22 on Monday. The stock has a market capitalization of $94.20 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.47. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The stock’s 50-day moving average price is $329.49 and its 200 day moving average price is $302.27. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same quarter in the previous year, the firm posted $3.35 EPS. The firm’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. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GD shares. Morgan Stanley lifted their price target on General Dynamics from $328.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Barclays lifted their price target on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. Finally, Susquehanna lifted their price target on General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $327.44.

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.