Commonwealth Equity Services LLC Has $53.53 Million Stake in General Dynamics Corporation $GD

Commonwealth Equity Services LLC reduced its position in General Dynamics Corporation (NYSE:GD) by 7.8% during the third quarter, Holdings Channel.com reports. The firm owned 156,967 shares of the aerospace company’s stock after selling 13,313 shares during the quarter. Commonwealth Equity Services LLC’s holdings in General Dynamics were worth $53,526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Paces Advisors Inc. raised its holdings in General Dynamics by 22.2% during the third quarter. West Paces Advisors Inc. now owns 1,045 shares of the aerospace company’s stock worth $356,000 after buying an additional 190 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of General Dynamics during the third quarter worth about $230,000. Earned Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter worth about $379,000. Asset Management One Co. Ltd. lifted its position in General Dynamics by 1.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 94,418 shares of the aerospace company’s stock valued at $32,197,000 after acquiring an additional 900 shares in the last quarter. Finally, Abacus Planning Group Inc. boosted its stake in General Dynamics by 5.5% during the 3rd quarter. Abacus Planning Group Inc. now owns 1,504 shares of the aerospace company’s stock valued at $513,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on 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 in the company, valued at $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GD. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. The Goldman Sachs Group increased their price target on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Finally, Citigroup started coverage on shares of General Dynamics in a report on Thursday, December 11th. They set a “neutral” rating and a $371.00 price target on the stock. Three equities research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $358.50.

General Dynamics Price Performance

GD opened at $360.51 on Wednesday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $361.94. The firm has a 50-day moving average of $341.93 and a 200 day moving average of $326.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a market cap of $97.38 billion, a P/E ratio of 23.36, a PEG ratio of 1.58 and a beta of 0.41.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating 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 firm had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same period in the previous year, the company earned $3.35 earnings per share. The company’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. On average, research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s dividend payout ratio is 38.89%.

General Dynamics Company 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.