Thurston Springer Miller Herd & Titak Inc. Sells 13,292 Shares of General Dynamics Corporation $GD

Thurston Springer Miller Herd & Titak Inc. lowered its position in General Dynamics Corporation (NYSE:GD) by 93.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 952 shares of the aerospace company’s stock after selling 13,292 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in General Dynamics were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GD. Quarry LP increased 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 worth $29,000 after purchasing an additional 94 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted 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 purchasing an additional 49 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in General Dynamics during the first quarter worth $33,000. NewSquare Capital LLC raised its holdings in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. bought a new position in General Dynamics during the second quarter valued at about $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of NYSE GD opened at $337.42 on Wednesday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The company has a market cap of $91.14 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.69 and a beta of 0.40. The business’s 50 day moving average is $340.87 and its two-hundred day moving average is $319.99. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 company had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.General Dynamics’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities 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. Shareholders of record on Friday, January 16th will be given a $1.50 dividend. 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%.

Analyst Ratings Changes

Several research firms have recently issued reports on GD. Morgan Stanley set a $385.00 price target on General Dynamics in a research note on Monday, October 27th. The Goldman Sachs Group boosted their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Melius Research upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Bank of America boosted their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $358.25.

General Dynamics Profile

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.