Intech Investment Management LLC Trims Stake in General Dynamics Corporation $GD

Intech Investment Management LLC reduced its position in shares of General Dynamics Corporation (NYSE:GD) by 19.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,561 shares of the aerospace company’s stock after selling 1,833 shares during the quarter. Intech Investment Management LLC’s holdings in General Dynamics were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GD. GAMMA Investing LLC increased its holdings in General Dynamics by 34,578.2% during the 1st quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company’s stock worth $339,253,000 after purchasing an additional 1,241,011 shares during the period. Nuveen LLC purchased a new stake in shares of General Dynamics in the 1st quarter worth approximately $272,464,000. Ameriprise Financial Inc. lifted its position in shares of 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 during the period. Deutsche Bank AG lifted its position in shares of 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 during the period. Finally, Voloridge Investment Management LLC lifted its position in shares of 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 purchasing an additional 395,051 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 275,020 shares of company stock valued at $86,414,503. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of several research reports. Citigroup upped their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Robert W. Baird upped their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. TD Cowen increased their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. UBS Group increased their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus target price of $315.78.

General Dynamics Stock Performance

GD opened at $326.68 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The company has a market cap of $87.87 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.01 and a beta of 0.50. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.18. The firm’s fifty day simple moving average is $314.99 and its two-hundred day simple moving average is $288.24.

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

General Dynamics Dividend Announcement

The firm also recently declared 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 1.8%. The ex-dividend date of this dividend is Friday, October 10th. 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.