Diversified Trust Co Increases Position in General Dynamics Corporation $GD

Diversified Trust Co lifted its holdings in General Dynamics Corporation (NYSE:GD) by 31.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,632 shares of the aerospace company’s stock after purchasing an additional 2,309 shares during the period. Diversified Trust Co’s holdings in General Dynamics were worth $3,285,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Continuum Advisory LLC bought a new position in General Dynamics in the 3rd quarter valued at $211,000. waypoint wealth counsel purchased a new stake in shares of General Dynamics during the third quarter valued at $485,000. Pure Financial Advisors LLC grew its holdings in shares of General Dynamics by 6.2% in the third quarter. Pure Financial Advisors LLC now owns 9,754 shares of the aerospace company’s stock worth $3,326,000 after purchasing an additional 573 shares during the last quarter. Goldstone Financial Group LLC increased its stake in General Dynamics by 41.9% in the 3rd quarter. Goldstone Financial Group LLC now owns 2,592 shares of the aerospace company’s stock worth $884,000 after buying an additional 766 shares during the period. Finally, SS&H Financial Advisors Inc. bought a new stake in General Dynamics during the 3rd quarter valued at about $697,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on GD. Bank of America upped their target price on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Citigroup initiated coverage on General Dynamics in a report on Thursday, December 11th. They set a “neutral” rating and a $371.00 price objective on the stock. Robert W. Baird set a $390.00 target price on General Dynamics in a research report on Monday, October 27th. BNP Paribas raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a report on Wednesday, October 8th. 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 given a Sell rating to the company. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $358.50.

General Dynamics Trading Down 0.3%

GD opened at $339.43 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm has a market cap of $91.69 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.69 and a beta of 0.40. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The stock has a fifty day moving average price of $341.88 and a 200-day moving average price of $324.53.

General Dynamics (NYSE:GD) last posted 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 company 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 firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

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.