Professional Advisory Services Inc. Has $23.62 Million Stock Holdings in General Dynamics Corporation $GD

Professional Advisory Services Inc. decreased its stake in General Dynamics Corporation (NYSE:GD) by 6.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 69,264 shares of the aerospace company’s stock after selling 4,509 shares during the quarter. General Dynamics makes up 3.1% of Professional Advisory Services Inc.’s holdings, making the stock its 11th largest holding. Professional Advisory Services Inc.’s holdings in General Dynamics were worth $23,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GD. Halbert Hargrove Global Advisors LLC bought a new position in General Dynamics in the third quarter valued at approximately $26,000. Louisbourg Investments Inc. bought a new position in shares of General Dynamics in the third quarter valued at $27,000. Vermillion & White Wealth Management Group LLC increased its holdings in General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 49 shares during the last quarter. NewSquare Capital LLC raised its position in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new stake in General Dynamics in the second quarter valued at $35,000. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $367.25 on Tuesday. The firm has a market cap of $99.20 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41. The business’s 50 day moving average is $344.87 and its 200-day moving average is $331.40. 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 Corporation has a 1-year low of $239.20 and a 1-year high of $369.70.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm 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 firm posted $3.35 EPS. The company’s revenue for the quarter 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 research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GD. UBS Group boosted their price objective on shares of General Dynamics from $381.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group boosted their price target on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $385.00 price target on General Dynamics in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average target price of $366.70.

General Dynamics Company 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.