Peoples Bank KS Trims Stock Holdings in General Dynamics Corporation $GD

Peoples Bank KS reduced its position in General Dynamics Corporation (NYSE:GD) by 31.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,120 shares of the aerospace company’s stock after selling 2,347 shares during the quarter. General Dynamics comprises approximately 1.7% of Peoples Bank KS’s portfolio, making the stock its 16th biggest position. Peoples Bank KS’s holdings in General Dynamics were worth $1,746,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GD. 1858 Wealth Management LLC grew its position in General Dynamics by 1.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC grew its holdings in shares of General Dynamics by 0.5% during the second quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after buying an additional 33 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in shares of General Dynamics by 1.4% during the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after buying an additional 33 shares during the last quarter. Crewe Advisors LLC raised its stake in General Dynamics by 10.9% during the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after acquiring an additional 34 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in General Dynamics by 1.5% during the 2nd quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock worth $658,000 after acquiring an additional 34 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of GD opened at $336.44 on Thursday. 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 Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The company has a 50-day simple moving average of $340.67 and a 200-day simple moving average of $320.11. The company has a market capitalization of $90.88 billion, a PE ratio of 21.80, a P/E/G ratio of 1.68 and a beta of 0.40.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share 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 company had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period in the prior year, the business posted $3.35 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GD. Susquehanna boosted their target price on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Argus raised their target price on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Citigroup began coverage on shares of General Dynamics in a research report on Thursday, December 11th. They issued a “neutral” rating and a $371.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $358.25.

General Dynamics Company 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.