Keybank National Association OH Sells 685 Shares of General Dynamics Corporation $GD

Keybank National Association OH trimmed its holdings in General Dynamics Corporation (NYSE:GD) by 4.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,523 shares of the aerospace company’s stock after selling 685 shares during the quarter. Keybank National Association OH’s holdings in General Dynamics were worth $4,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GD. Quarry LP increased its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares during the period. Abound Financial LLC purchased a new position in shares of General Dynamics in the first quarter worth $32,000. Nova Wealth Management Inc. purchased a new position in shares of General Dynamics in the first quarter worth $33,000. Harbor Asset Planning Inc. purchased a new position in shares of General Dynamics in the second quarter worth $35,000. Finally, Salomon & Ludwin LLC increased its stake in shares of General Dynamics by 70.4% in the second quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock worth $36,000 after buying an additional 50 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GD shares. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. The Goldman Sachs Group lifted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Sanford C. Bernstein boosted their price objective on shares of General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a research report on Tuesday. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $350.89.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 193,110 shares of company stock worth $60,778,364. 1.50% of the stock is owned by insiders.

General Dynamics Stock Up 0.0%

NYSE:GD opened at $344.81 on Friday. The firm’s 50-day moving average price is $332.50 and its 200-day moving average price is $304.56. The company has a market capitalization of $93.14 billion, a PE ratio of 22.35, a P/E/G ratio of 2.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50.

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

General Dynamics Dividend Announcement

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

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.