Epoch Investment Partners Inc. cut its stake in General Dynamics Corporation (NYSE:GD – Free Report) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,980 shares of the aerospace company’s stock after selling 4,336 shares during the quarter. Epoch Investment Partners Inc.’s holdings in General Dynamics were worth $29,167,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its position in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after buying an additional 69 shares during the period. Steph & Co. grew its stake in General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 30 shares in the last quarter. Scarborough Advisors LLC purchased a new position in General Dynamics during the first quarter valued at approximately $29,000. Wilkerson Advisory Group LLC increased its holdings in General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 39 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at $31,000. Institutional investors own 86.14% of the company’s stock.
General Dynamics News Roundup
Here are the key news stories impacting General Dynamics this week:
- Positive Sentiment: GD has hit a 52-week high, reflecting strong momentum and investor confidence in the defense contractor’s outlook. General Dynamics Corporation (GD) Hit a 52 Week High, Can the Run Continue?
- Positive Sentiment: Analysts are focusing on GD’s upcoming Q2 results, with attention on a record backlog and improving defense operations, which could support the stock if management delivers strong numbers and positive commentary on submarines and Gulfstream. General Dynamics to Release Q2 Earnings: Here’s What to Expect
- Positive Sentiment: Recent investor sentiment has also been helped by broader strength in defense stocks, with peers posting solid results and raising guidance, which has lifted expectations for GD ahead of its July 29 earnings release. Why General Dynamics (GD) Stock Is Up Today
- Neutral Sentiment: Wall Street is also watching GD’s Q2 estimates and key operating metrics closely, suggesting the market may be waiting for confirmation that recent strength is sustainable rather than purely speculative. General Dynamics (GD) Q2 Earnings on the Horizon: Analysts’ Insights on Key Performance Measures
- Neutral Sentiment: One article compared GD’s value profile with GE Aerospace, reinforcing that investors still see GD as a large-cap defense name with valuation appeal, but not necessarily a fresh catalyst by itself. GD vs. GE: Which Stock Is the Better Value Option?
General Dynamics Trading Up 1.2%
General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The company had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.General Dynamics’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $3.66 EPS. Equities analysts anticipate that General Dynamics Corporation will post 16.66 EPS for the current fiscal year.
General Dynamics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.
Insider Buying and Selling
In other news, EVP Mark Lagrand Burns sold 36,480 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 78,190 shares of company stock valued at $27,041,022. Company insiders own 1.40% of the company’s stock.
Analyst Ratings Changes
GD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. DA Davidson lowered their price target on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Wall Street Zen raised General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Finally, The Goldman Sachs Group dropped their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $391.15.
View Our Latest Stock Analysis on General Dynamics
General Dynamics Company Profile
General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.
Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.
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