UNIVEST FINANCIAL Corp Sells 37 Shares of General Dynamics Corporation $GD

UNIVEST FINANCIAL Corp decreased its position in General Dynamics Corporation (NYSE:GD) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,274 shares of the aerospace company’s stock after selling 37 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in General Dynamics were worth $372,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP grew its holdings in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Abound Financial LLC bought a new stake in shares of General Dynamics in the 1st quarter worth about $32,000. Harbor Asset Planning Inc. bought a new stake in shares of General Dynamics in the 2nd quarter worth about $35,000. Nova Wealth Management Inc. bought a new stake in shares of General Dynamics in the 1st quarter worth about $33,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of General Dynamics by 70.4% in the 2nd quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. The trade was a 14.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 193,110 shares of company stock valued at $60,778,364. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GD has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup increased their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.89.

General Dynamics Price Performance

Shares of GD stock opened at $344.68 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The stock has a market cap of $93.10 billion, a PE ratio of 22.34, a PEG ratio of 2.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm’s 50 day moving average price is $331.99 and its two-hundred day moving average price is $304.11.

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

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

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.