Bartlett & CO. Wealth Management LLC Sells 30,382 Shares of General Dynamics Corporation $GD

Bartlett & CO. Wealth Management LLC lowered its stake in General Dynamics Corporation (NYSE:GD) by 21.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,340 shares of the aerospace company’s stock after selling 30,382 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in General Dynamics were worth $37,626,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares in the last quarter. American Century Companies Inc. lifted its stake in General Dynamics by 3.6% during the first quarter. American Century Companies Inc. now owns 15,872 shares of the aerospace company’s stock worth $4,326,000 after purchasing an additional 556 shares during the last quarter. Erste Asset Management GmbH boosted its holdings in shares of General Dynamics by 32.3% in the 1st quarter. Erste Asset Management GmbH now owns 410 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 100 shares in the last quarter. Tradition Wealth Management LLC bought a new position in shares of General Dynamics in the 1st quarter valued at $220,000. Finally, T. Rowe Price Investment Management Inc. acquired a new position in shares of General Dynamics during the 1st quarter worth $425,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.7%

NYSE GD opened at $339.59 on Friday. The firm has a market capitalization of $91.73 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.68 and a beta of 0.40. The business’s 50-day moving average price is $340.69 and its two-hundred day moving average price is $320.67. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50.

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

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Insider Buying and Selling at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Susquehanna raised their price objective on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Finally, Argus raised their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $358.50.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.