Versor Investments LP Makes New $1.17 Million Investment in General Dynamics Corporation $GD

Versor Investments LP purchased a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,002 shares of the aerospace company’s stock, valued at approximately $1,167,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Nuveen LLC purchased a new position in General Dynamics in the 1st quarter worth approximately $272,464,000. Ameriprise Financial Inc. grew its stake in General Dynamics by 34.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares in the last quarter. Deutsche Bank AG grew its stake in General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after buying an additional 690,349 shares in the last quarter. JPMorgan Chase & Co. grew its stake in General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after buying an additional 256,687 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in General Dynamics by 183.1% in the 1st quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock worth $71,276,000 after buying an additional 169,120 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,110 shares of company stock worth $60,778,364 over the last ninety days. 1.50% of the stock is owned by company insiders.

General Dynamics Trading Up 0.0%

Shares of GD opened at $344.81 on Monday. The stock has a market capitalization of $93.14 billion, a P/E ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. 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 firm has a fifty day simple moving average of $332.50 and a two-hundred day simple moving average of $304.95. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is presently 38.89%.

Analyst Ratings Changes

GD has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Bank of America upped their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. UBS Group upped their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Wolfe Research upped their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.