General Dynamics Corporation $GD Position Increased by Pzena Investment Management LLC

Pzena Investment Management LLC increased its position in shares of General Dynamics Corporation (NYSE:GD) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,536 shares of the aerospace company’s stock after acquiring an additional 13,008 shares during the period. Pzena Investment Management LLC’s holdings in General Dynamics were worth $85,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Griffin Asset Management Inc. raised its holdings in shares of General Dynamics by 1.4% during the second quarter. Griffin Asset Management Inc. now owns 6,846 shares of the aerospace company’s stock worth $1,997,000 after acquiring an additional 96 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of General Dynamics by 1.0% during the second quarter. MGO One Seven LLC now owns 6,435 shares of the aerospace company’s stock worth $1,877,000 after acquiring an additional 61 shares in the last quarter. Second Half Financial Partners LLC acquired a new position in General Dynamics during the second quarter worth $856,000. CWM LLC increased its position in General Dynamics by 9.4% during the second quarter. CWM LLC now owns 73,022 shares of the aerospace company’s stock worth $21,298,000 after buying an additional 6,279 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in General Dynamics by 28.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 35,100 shares of the aerospace company’s stock worth $10,242,000 after buying an additional 7,874 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Down 2.8%

GD stock opened at $333.03 on Monday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $347.37. The company has a market cap of $89.58 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. The business’s 50-day simple moving average is $324.93 and its 200 day simple moving average is $297.14. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period last year, the business earned $3.26 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GD shares. Barclays increased their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. UBS Group raised their price target on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Wednesday. Wolfe Research raised their price target on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Citigroup raised their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Hold” and an average target price of $324.11.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 over the last quarter. Company insiders own 1.50% of the company’s stock.

General Dynamics 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.