General Dynamics Corporation $GD Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC reduced its holdings in General Dynamics Corporation (NYSE:GD) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,854 shares of the aerospace company’s stock after selling 6,400 shares during the period. General Dynamics comprises 2.3% of Polaris Capital Management LLC’s holdings, making the stock its 17th biggest position. Polaris Capital Management LLC’s holdings in General Dynamics were worth $35,414,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GD. Halbert Hargrove Global Advisors LLC acquired a new stake in General Dynamics during the third quarter valued at $26,000. Louisbourg Investments Inc. acquired a new stake in shares of General Dynamics during the 3rd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of 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 purchasing an additional 49 shares in the last quarter. NewSquare Capital LLC raised its holdings in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the period. Finally, Harbor Asset Planning Inc. purchased a new position in General Dynamics during the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $360.89 on Tuesday. The stock has a market capitalization of $97.48 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.56 and a beta of 0.41. The business’s 50 day moving average is $342.70 and its two-hundred day moving average is $328.81. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $367.65. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly 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. The firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be paid 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 dividend yield of 1.7%. General Dynamics’s dividend payout ratio is 38.89%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GD. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research report on Wednesday, October 8th. Argus boosted their price target 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. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. The Goldman Sachs Group lifted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Finally, BNP Paribas Exane began coverage on shares of General Dynamics in a research note on Tuesday, November 18th. They set an “outperform” rating and a $410.00 target price for the company. Three equities 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $359.00.

Insider Activity

In related news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president owned 36,644 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by corporate insiders.

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.