General Dynamics Co. (NYSE:GD) Shares Sold by Barclays PLC

15 Apr 2025, 09:58 by Doug Wharley · The Cerbat Gem

Barclays PLC reduced its stake in shares of General Dynamics Co. (NYSE:GD – Free Report) by 38.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 579,641 shares of the aerospace company’s stock after selling 362,844 shares during the quarter. Barclays PLC’s holdings in General Dynamics were worth $152,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Garner Asset Management Corp boosted its holdings in shares of General Dynamics by 4.5% in the fourth quarter. Garner Asset Management Corp now owns 4,361 shares of the aerospace company’s stock valued at $1,149,000 after acquiring an additional 188 shares during the period. Savvy Advisors Inc. acquired a new stake in General Dynamics during the 4th quarter worth $300,000. Sanders Capital LLC grew its position in General Dynamics by 0.8% during the 4th quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company’s stock worth $1,109,931,000 after purchasing an additional 33,962 shares during the last quarter. Bragg Financial Advisors Inc increased its stake in General Dynamics by 0.9% in the fourth quarter. Bragg Financial Advisors Inc now owns 9,437 shares of the aerospace company’s stock valued at $2,486,000 after purchasing an additional 85 shares during the period. Finally, Altman Advisors Inc. raised its holdings in shares of General Dynamics by 1.4% in the fourth quarter. Altman Advisors Inc. now owns 6,586 shares of the aerospace company’s stock valued at $1,735,000 after buying an additional 91 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Robert W. Baird reissued a “neutral” rating and issued a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price target on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Susquehanna boosted their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research note on Wednesday, April 2nd. Finally, William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $296.82.

Check Out Our Latest Stock Analysis on General Dynamics

Insider Buying and Selling at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

General Dynamics Stock Performance

NYSE:GD opened at $278.84 on Tuesday. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a market capitalization of $74.84 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $259.89 and a two-hundred day moving average price of $273.43.

General Dynamics (NYSE:GD – Get Free Report) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. As a group, research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be paid a $1.50 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a yield of 2.15%. General Dynamics’s payout ratio is presently 43.99%.

About General Dynamics

(Free Report)

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.