Voya Investment Management LLC Reduces Stock Holdings in General Dynamics Corporation $GD

Voya Investment Management LLC reduced its stake in shares of General Dynamics Corporation (NYSE:GD) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,097 shares of the aerospace company’s stock after selling 5,386 shares during the quarter. Voya Investment Management LLC’s holdings in General Dynamics were worth $30,382,000 at the end of the most recent reporting period.

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

General Dynamics Stock Performance

Shares of GD stock opened at $339.59 on Friday. The company has a market capitalization of $91.73 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. The company’s 50-day moving average is $340.69 and its 200 day moving average is $320.98.

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, topping the consensus estimate of $3.69 by $0.19. The firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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 paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend 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%.

Insider Buying and Selling at General Dynamics

In other 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 completion of the transaction, the vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GD has been the topic of several research reports. Citigroup assumed coverage on General Dynamics in a research report on Thursday, December 11th. They set a “neutral” rating and a $371.00 price target on the stock. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a report on Monday, October 27th. The Goldman Sachs Group increased their price target on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, Argus upped their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Three investment 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, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $358.50.

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.