Cerity Partners LLC Acquires 12,710 Shares of General Dynamics Corporation $GD

Cerity Partners LLC boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 20.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,014 shares of the aerospace company’s stock after acquiring an additional 12,710 shares during the quarter. Cerity Partners LLC’s holdings in General Dynamics were worth $21,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GD. Federated Hermes Inc. raised its stake in shares of General Dynamics by 1,164.7% during the second quarter. Federated Hermes Inc. now owns 54,040 shares of the aerospace company’s stock valued at $15,761,000 after acquiring an additional 49,767 shares during the last quarter. Jump Financial LLC purchased a new position in General Dynamics during the 2nd quarter valued at about $1,284,000. Stenger Family Office LLC purchased a new position in shares of General Dynamics during the second quarter valued at approximately $343,000. Hendershot Investments Inc. boosted its holdings in General Dynamics by 6.2% in the second quarter. Hendershot Investments Inc. now owns 67,178 shares of the aerospace company’s stock worth $19,593,000 after acquiring an additional 3,941 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in General Dynamics in the 2nd quarter worth about $352,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $334.15 on Wednesday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The company has a market cap of $90.26 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.70 and a beta of 0.40. The firm’s fifty day moving average is $341.20 and its 200 day moving average is $317.76. 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 posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping 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 firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the firm posted $3.35 EPS. The business’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. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend 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 equities analysts recently weighed in on GD shares. Sanford C. Bernstein boosted their price objective on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a report on Tuesday, October 28th. Argus upped their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Wolfe Research lifted their price objective on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, UBS Group upped their price target on General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.10.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

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.