Vanguard Personalized Indexing Management LLC Buys 3,923 Shares of General Dynamics Corporation $GD

Vanguard Personalized Indexing Management LLC raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 11.2% in the third quarter, Holdings Channel reports. The fund owned 39,023 shares of the aerospace company’s stock after acquiring an additional 3,923 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in General Dynamics were worth $13,313,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Gold Investment Management Ltd. boosted its stake in General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after purchasing an additional 4,532 shares in the last quarter. Pure Financial Advisors LLC raised its holdings 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 valued at $2,678,000 after buying an additional 3,156 shares during the last quarter. Truist Financial Corp grew its holdings in General Dynamics by 0.5% during the 2nd 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 during the last quarter. Davis Capital Management bought a new position in shares of General Dynamics in the third quarter worth about $1,007,000. Finally, Los Angeles Capital Management LLC lifted its position in shares of General Dynamics by 20.9% during the second quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock worth $87,246,000 after purchasing an additional 51,655 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD opened at $363.60 on Monday. The company has a market capitalization of $98.22 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.79 and a beta of 0.41. The business’s 50-day moving average price is $346.14 and its two-hundred day moving average price is $333.28. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $3.35 earnings per share. Equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s payout ratio is currently 38.89%.

Analyst Ratings Changes

GD has been the subject of several research analyst reports. Argus boosted their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. UBS Group upped their price target on General Dynamics from $381.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Thursday. Finally, Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $366.70.

Insider Buying and Selling

In related news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the transaction, the vice president owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

About General Dynamics

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.