Robeco Institutional Asset Management B.V. Has $46.11 Million Position in General Dynamics Corporation $GD

Robeco Institutional Asset Management B.V. raised its position in General Dynamics Corporation (NYSE:GD) by 70.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 135,232 shares of the aerospace company’s stock after purchasing an additional 56,119 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in General Dynamics were worth $46,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC raised its stake in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares in the last quarter. Kestra Investment Management LLC boosted its stake in shares of General Dynamics by 92.9% in the first quarter. Kestra Investment Management LLC now owns 434 shares of the aerospace company’s stock valued at $118,000 after buying an additional 209 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in General Dynamics by 9.4% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,095 shares of the aerospace company’s stock worth $2,479,000 after buying an additional 781 shares in the last quarter. Empowered Funds LLC increased its stake in General Dynamics by 205.9% during the 1st quarter. Empowered Funds LLC now owns 29,643 shares of the aerospace company’s stock worth $8,080,000 after acquiring an additional 19,954 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in General Dynamics by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 686,907 shares of the aerospace company’s stock valued at $187,237,000 after acquiring an additional 28,413 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

General Dynamics Price Performance

Shares of GD opened at $345.52 on Thursday. The business has a 50-day simple moving average of $341.98 and a two-hundred day simple moving average of $327.04. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $363.00. The stock has a market cap of $93.33 billion, a PE ratio of 22.39, a PEG ratio of 1.61 and a beta of 0.41. 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 issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same quarter last year, the business earned $3.35 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share 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. Investors of record on Friday, January 16th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is currently 38.89%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research report on Monday, October 27th. JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. The Goldman Sachs Group upped their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Finally, Susquehanna lifted their price target on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research note on Monday, October 27th. Three research 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 issued a Sell rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $358.50.

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.