General Dynamics Corporation $GD Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 608.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,888 shares of the aerospace company’s stock after acquiring an additional 5,057 shares during the quarter. Exchange Traded Concepts LLC’s holdings in General Dynamics were worth $2,008,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Louisbourg Investments Inc. purchased a new position in shares of General Dynamics in the third quarter valued at $27,000. Quarry LP lifted its holdings in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position 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 buying an additional 49 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. purchased a new stake in shares of General Dynamics during the second quarter worth about $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.9%

GD stock opened at $342.19 on Friday. The firm has a market cap of $92.43 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.72 and a beta of 0.40. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The firm has a fifty day moving average price of $341.84 and a two-hundred day moving average price of $323.05. 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 (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the firm posted $3.35 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 38.89%.

Analysts Set New Price Targets

A number of brokerages recently commented on GD. Robert W. Baird set a $390.00 price target on General Dynamics in a report on Monday, October 27th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a report on Monday, October 27th. BNP Paribas Exane started coverage on shares of General Dynamics in a report on Tuesday, November 18th. They set an “outperform” rating and a $410.00 price objective for the company. Finally, Wolfe Research boosted their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.50.

Insider Buying and Selling at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

General Dynamics Profile

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.