Silvia Mccoll Wealth Management LLC Lowers Stake in General Dynamics Corporation $GD

Silvia Mccoll Wealth Management LLC lessened its position in shares of General Dynamics Corporation (NYSE:GD) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,769 shares of the aerospace company’s stock after selling 53 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in General Dynamics were worth $1,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GD. Nuveen LLC purchased a new stake in shares of General Dynamics in the first quarter worth about $272,464,000. Ameriprise Financial Inc. boosted its position in shares of General Dynamics by 34.8% in 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 period. Deutsche Bank AG boosted its position in shares of General Dynamics by 120.9% in 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 period. JPMorgan Chase & Co. boosted its position in shares of General Dynamics by 4.9% in 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 period. Finally, SG Americas Securities LLC boosted its position in shares of General Dynamics by 1,488.8% in the first quarter. SG Americas Securities LLC now owns 221,484 shares of the aerospace company’s stock worth $60,372,000 after buying an additional 207,544 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the sale, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by insiders.

General Dynamics Trading Up 0.8%

Shares of NYSE GD opened at $343.76 on Friday. The stock’s 50 day moving average price is $321.91 and its two-hundred day moving average price is $294.30. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $345.22. The stock has a market capitalization of $92.47 billion, a P/E ratio of 23.07, a PEG ratio of 2.10 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced 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 firm had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.General Dynamics’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts anticipate 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 $1.50 dividend. 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 dividend payout ratio (DPR) is 40.27%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GD shares. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Saturday, September 27th. Susquehanna increased their price target on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. increased their price target on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, UBS Group increased their price target on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $315.78.

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.