Castlekeep Investment Advisors LLC Sells 247 Shares of General Dynamics Corporation $GD

Castlekeep Investment Advisors LLC lessened its holdings in General Dynamics Corporation (NYSE:GD) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the aerospace company’s stock after selling 247 shares during the quarter. Castlekeep Investment Advisors LLC’s holdings in General Dynamics were worth $1,342,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GD. Nuveen LLC acquired a new position in General Dynamics during the first quarter worth $272,464,000. Ameriprise Financial Inc. increased its holdings in General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares during the last quarter. Deutsche Bank AG increased its holdings in General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after buying an additional 690,349 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after buying an additional 256,687 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in General Dynamics by 183.1% during the first quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock worth $71,276,000 after buying an additional 169,120 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GD. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Barclays upped their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. The Goldman Sachs Group upped their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a report on Friday, October 10th. Finally, Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Trading Up 0.0%

GD stock opened at $344.81 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The company’s 50-day simple moving average is $332.50 and its 200 day simple moving average is $304.76. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company has a market capitalization of $93.14 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47.

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

General Dynamics Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares in the company, 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 SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’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 sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 193,110 shares of company stock valued at $60,778,364 in the last three months. Insiders own 1.50% of the company’s stock.

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.