Narwhal Capital Management Reduces Stake in General Dynamics Corporation $GD

Narwhal Capital Management reduced its stake in General Dynamics Corporation (NYSE:GD) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,392 shares of the aerospace company’s stock after selling 4,236 shares during the quarter. General Dynamics makes up approximately 1.0% of Narwhal Capital Management’s investment portfolio, making the stock its 26th largest position. Narwhal Capital Management’s holdings in General Dynamics were worth $12,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. WoodTrust Financial Corp grew its holdings in General Dynamics by 1.8% in the 2nd quarter. WoodTrust Financial Corp now owns 23,410 shares of the aerospace company’s stock valued at $6,828,000 after buying an additional 411 shares in the last quarter. NBT Bank N A NY grew its holdings in shares of General Dynamics by 4.0% during the 2nd quarter. NBT Bank N A NY now owns 18,146 shares of the aerospace company’s stock worth $5,292,000 after purchasing an additional 703 shares during the period. Abel Hall LLC purchased a new position in shares of General Dynamics during the 2nd quarter worth $238,000. REAP Financial Group LLC grew its holdings in shares of General Dynamics by 84.1% during the 2nd quarter. REAP Financial Group LLC now owns 427 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 195 shares during the period. Finally, Canopy Partners LLC grew its holdings in shares of General Dynamics by 5.7% during the 2nd quarter. Canopy Partners LLC now owns 831 shares of the aerospace company’s stock worth $242,000 after purchasing an additional 45 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction dated Friday, August 8th. The shares were 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 directly owned 45,192 shares in the company, valued at $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 275,020 shares of company stock worth $86,414,503 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. Cowen reiterated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. UBS Group increased their price target on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $319.00.

General Dynamics Price Performance

GD opened at $346.45 on Thursday. The stock’s 50-day moving average price is $323.85 and its 200 day moving average price is $295.77. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $347.37. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The firm has a market cap of $93.19 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.10 and a beta of 0.47.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the prior year, the company earned $3.26 EPS. General Dynamics’s revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given 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 currently 40.27%.

About General Dynamics

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.