Forum Financial Management LP Decreases Stock Holdings in General Dynamics Corporation $GD

Forum Financial Management LP reduced its position in shares of General Dynamics Corporation (NYSE:GD) by 64.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,035 shares of the aerospace company’s stock after selling 1,848 shares during the period. Forum Financial Management LP’s holdings in General Dynamics were worth $355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new position in General Dynamics during the 3rd quarter valued at $25,000. Dagco Inc. purchased a new stake in shares of General Dynamics in the 4th quarter worth about $25,000. Burkett Financial Services LLC boosted its stake in shares of General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Steph & Co. boosted its stake in shares of General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 30 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of General Dynamics during the fourth quarter valued at about $31,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GD. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Dynamics from $387.00 to $377.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Morgan Stanley increased their target price on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. BNP Paribas Exane lowered their target price on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Finally, UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $388.40.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at $13,457,677.75. This trade represents a 48.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 78,190 shares of company stock valued at $27,041,022 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Key Stories Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: UBS initiated coverage on General Dynamics with a Hold rating, adding another Wall Street view on the stock as investors reassess valuation and defense spending trends. General Dynamics (GD) Gets a Hold from UBS
• Positive Sentiment: General Dynamics was upgraded to Zacks Rank #2 (Buy), reflecting improving earnings optimism and supporting the case for further upside. General Dynamics (GD) Upgraded to Buy: Here’s What You Should Know
• Neutral Sentiment: Investors are also focused on General Dynamics’ upcoming second-quarter earnings report, with analysts expecting single-digit bottom-line growth, which could set the tone for the next move in the shares. General Dynamics’ Quarterly Earnings Preview: What You Need to Know
• Neutral Sentiment: Recent market commentary highlighted that GD has been outperforming the broader market, but the move appears tied more to broader defensive sentiment and company-specific catalysts than to a major new fundamental development. General Dynamics (GD) Rises Higher Than Market: Key Facts
• Neutral Sentiment: General Dynamics was also cited in a broader defense-industry story about CSG recruiting talent from major contractors, including GD, but the item is not directly material to General Dynamics’ near-term fundamentals. CSG Enters the Next Phase of Global Growth: Strengthening Its Leadership Team with Top Defence Executives

General Dynamics Price Performance

Shares of NYSE:GD opened at $354.29 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. General Dynamics Corporation has a fifty-two week low of $289.40 and a fifty-two week high of $369.70. The firm has a market cap of $95.81 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.16 and a beta of 0.34. The business has a 50-day simple moving average of $342.35 and a two-hundred day simple moving average of $347.77.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.66 EPS. On average, analysts expect that General Dynamics Corporation will post 16.63 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 40.03%.

About General Dynamics

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.