Transcend Capital Advisors LLC Sells 5,963 Shares of General Dynamics Corporation $GD

Transcend Capital Advisors LLC decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 70.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,476 shares of the aerospace company’s stock after selling 5,963 shares during the period. Transcend Capital Advisors LLC’s holdings in General Dynamics were worth $722,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Nuveen LLC acquired a new stake in General Dynamics in the 1st quarter worth about $272,464,000. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 709,782 shares in the last quarter. Deutsche Bank AG raised its stake 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 purchasing an additional 690,349 shares in the last quarter. JPMorgan Chase & Co. raised its stake in General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in General Dynamics by 183.1% in the 1st quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock worth $71,276,000 after purchasing an additional 169,120 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,110 shares of company stock worth $60,778,364 in the last ninety days. Insiders own 1.50% of the company’s stock.

General Dynamics Trading Down 2.0%

Shares of General Dynamics stock opened at $346.86 on Wednesday. The firm has a market capitalization of $93.69 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.47. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $330.91 and its 200 day moving average is $303.36. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. The company had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is 38.89%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GD. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein lifted their price objective on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup boosted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Robert W. Baird set a $390.00 target price on shares of General Dynamics in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics 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.