General Dynamics Corporation $GD Stake Raised by Ethic Inc.

Ethic Inc. grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 16.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,851 shares of the aerospace company’s stock after purchasing an additional 1,541 shares during the period. Ethic Inc.’s holdings in General Dynamics were worth $3,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of General Dynamics by 1.5% during the first quarter. Baird Financial Group Inc. now owns 77,393 shares of the aerospace company’s stock valued at $21,096,000 after purchasing an additional 1,111 shares during the last quarter. Nomura Holdings Inc. boosted its position in shares of General Dynamics by 3.2% in the 1st quarter. Nomura Holdings Inc. now owns 12,408 shares of the aerospace company’s stock valued at $3,382,000 after purchasing an additional 389 shares during the period. Quarry LP increased its stake 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 purchasing an additional 94 shares in the last quarter. Finally, Flputnam Investment Management Co. raised its holdings in General Dynamics by 503.1% during the 1st quarter. Flputnam Investment Management Co. now owns 9,420 shares of the aerospace company’s stock worth $2,568,000 after buying an additional 7,858 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insider Transactions at General Dynamics

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

General Dynamics Price Performance

NYSE GD opened at $339.43 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $91.69 billion, a PE ratio of 22.00, a price-to-earnings-growth 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 company has a 50 day moving average price of $341.88 and a two-hundred day moving average price of $324.53.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $12.49 billion. During the same quarter in the prior year, the business posted $3.35 EPS. General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company 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. 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 payout ratio is currently 38.89%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GD. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Susquehanna lifted their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research report on Monday, October 27th. Argus boosted their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Wolfe Research raised their price objective on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.50.

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.