Vest Financial LLC Reduces Stock Holdings in General Dynamics Corporation $GD

Vest Financial LLC cut its stake in General Dynamics Corporation (NYSE:GD) by 13.1% in the 3rd quarter, Holdings Channel reports. The firm owned 175,424 shares of the aerospace company’s stock after selling 26,366 shares during the period. Vest Financial LLC’s holdings in General Dynamics were worth $59,820,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Truist Financial Corp boosted its holdings in General Dynamics by 0.5% in the second quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company’s stock worth $83,548,000 after acquiring an additional 1,370 shares in the last quarter. Pure Financial Advisors LLC grew its stake in shares of General Dynamics by 52.4% in the second quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company’s stock worth $2,678,000 after acquiring an additional 3,156 shares during the period. Gold Investment Management Ltd. lifted its position in General Dynamics by 73.5% during the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after purchasing an additional 4,532 shares during the period. Davis Capital Management bought a new stake in General Dynamics in the 3rd quarter worth approximately $1,007,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of General Dynamics by 20.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after buying an additional 51,655 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 2.3%

Shares of GD opened at $359.05 on Wednesday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $96.99 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41. The business’s 50 day moving average is $345.01 and its 200 day moving average is $331.85.

General Dynamics (NYSE:GD) last released 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. The firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is currently 38.89%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. BNP Paribas upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, November 18th. TD Cowen upped their price objective on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, BNP Paribas Exane boosted 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $366.70.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the transaction, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

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.