Sachetta LLC Lowers Stock Holdings in General Dynamics Corporation $GD

Sachetta LLC cut its holdings in shares of General Dynamics Corporation (NYSE:GD) by 13.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 845 shares of the aerospace company’s stock after selling 136 shares during the period. Sachetta LLC’s holdings in General Dynamics were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in shares of General Dynamics in the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics in the 1st quarter valued at approximately $27,000. Quarry LP grew its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of General Dynamics during the first quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in shares of General Dynamics in the first quarter valued at $33,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $346.60 on Tuesday. 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 $347.37. The firm’s 50 day moving average is $322.58 and its two-hundred day moving average is $295.09. The firm has a market capitalization of $93.23 billion, a P/E ratio of 23.26, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period last year, the firm posted $3.26 EPS. The company’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. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal 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 given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s payout ratio is 40.27%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays boosted their target price on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a “market perform” rating in a research note on Monday, July 14th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $315.78.

Insiders Place Their Bets

In other news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the transaction, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 275,020 shares of company stock worth $86,414,503. Corporate insiders own 1.50% of the company’s stock.

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.