Cullen Capital Management LLC Has $216.41 Million Position in General Dynamics Corporation $GD

Cullen Capital Management LLC cut its holdings in shares of General Dynamics Corporation (NYSE:GD) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 741,984 shares of the aerospace company’s stock after selling 10,087 shares during the quarter. General Dynamics makes up 2.5% of Cullen Capital Management LLC’s portfolio, making the stock its 12th largest position. Cullen Capital Management LLC’s holdings in General Dynamics were worth $216,407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its position in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares during the period. Nova Wealth Management Inc. bought a new position in General Dynamics during the 1st quarter worth $33,000. NewSquare Capital LLC raised its stake in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $35,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Price Performance

General Dynamics stock opened at $337.45 on Monday. The business’s 50 day simple moving average is $341.11 and its 200 day simple moving average is $319.11. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The company has a market cap of $91.15 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.68 and a beta of 0.40. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

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

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is currently 38.89%.

Analysts Set New Price Targets

A number of analysts have weighed in on GD shares. UBS Group raised their target price on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Monday, October 27th. Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Susquehanna increased their price target on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Finally, Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $358.25.

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.