Teza Capital Management LLC Decreases Stock Position in General Dynamics Corporation $GD

Teza Capital Management LLC reduced its position in General Dynamics Corporation (NYSE:GD) by 67.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,663 shares of the aerospace company’s stock after selling 9,651 shares during the period. Teza Capital Management LLC’s holdings in General Dynamics were worth $1,271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GD. GAMMA Investing LLC raised its holdings in General Dynamics by 34,578.2% in the 1st quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company’s stock worth $339,253,000 after acquiring an additional 1,241,011 shares during the last quarter. Nuveen LLC purchased a new position in General Dynamics in the 1st quarter worth approximately $272,464,000. Ameriprise Financial Inc. raised its holdings in General Dynamics by 34.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after acquiring an additional 709,782 shares during the last quarter. Deutsche Bank AG raised its holdings in General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after acquiring an additional 690,349 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in General Dynamics by 6,387.2% in the 4th quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company’s stock worth $105,722,000 after acquiring an additional 395,051 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Up 0.1%

NYSE:GD opened at $322.80 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market capitalization of $86.83 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. General Dynamics Corporation has a one year low of $239.20 and a one year high of $326.02. The business has a fifty day moving average price of $310.66 and a 200-day moving average price of $284.51.

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

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is 40.27%.

Insider Transactions at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction 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 owned 22,818 shares in the company, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Malcolm sold 1,210 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $319.04, for a total value of $386,038.40. Following the completion of the sale, the director owned 10,186 shares of the company’s stock, valued at $3,249,741.44. The trade was a 10.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 458,260 shares of company stock worth $138,125,545 over the last three months. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GD has been the subject of a number of research reports. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Robert W. Baird boosted their target price on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Wolfe Research upgraded General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price target for the company in a research note on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $315.78.

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.