General Dynamics Corporation $GD Stake Raised by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 32.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,096 shares of the aerospace company’s stock after purchasing an additional 2,708 shares during the period. Verdence Capital Advisors LLC’s holdings in General Dynamics were worth $3,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. State Street Corp grew its position in General Dynamics by 1.1% in the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after buying an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of General Dynamics by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after acquiring an additional 691,340 shares in the last quarter. Invesco Ltd. grew its holdings in shares of General Dynamics by 0.4% in the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after acquiring an additional 9,283 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of General Dynamics by 2.5% during the second quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock valued at $499,377,000 after purchasing an additional 41,349 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in General Dynamics by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock valued at $466,320,000 after buying an additional 16,459 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GD. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group increased their target price on General Dynamics from $381.00 to $388.00 and gave the company a “neutral” rating in a report on Thursday. BNP Paribas Exane lifted their price target on General Dynamics from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Citigroup increased their price objective on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.70.

Insider Buying and Selling

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction that occurred 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 transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Stock Down 0.4%

Shares of General Dynamics stock opened at $367.25 on Tuesday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The stock has a market capitalization of $99.20 billion, a P/E ratio of 23.80, a PEG ratio of 1.63 and a beta of 0.41. 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 50 day moving average price of $344.87 and a two-hundred day moving average price of $331.40.

General Dynamics (NYSE:GD) last announced its 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 firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter last year, the firm posted $3.35 EPS. The business’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. Equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.6%. General Dynamics’s dividend payout ratio is presently 38.89%.

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.