General Dynamics Corporation $GD Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in General Dynamics Corporation (NYSE:GD) by 3,306.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 871,052 shares of the aerospace company’s stock after acquiring an additional 845,482 shares during the period. Pacer Advisors Inc.’s holdings in General Dynamics were worth $297,029,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. State Street Corp grew its position in shares of General Dynamics by 1.1% in the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock valued at $3,249,220,000 after purchasing an additional 119,664 shares during the period. Ameriprise Financial Inc. grew its holdings in General Dynamics by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after buying an additional 691,340 shares during the period. Invesco Ltd. increased its stake in shares of General Dynamics by 0.4% during the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock valued at $695,776,000 after acquiring an additional 9,283 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of General Dynamics by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock worth $499,377,000 after acquiring an additional 41,349 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of General Dynamics by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock worth $466,320,000 after acquiring an additional 16,459 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Citigroup began coverage on General Dynamics in a research report on Thursday, December 11th. They issued a “neutral” rating and a $371.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Argus upped their price target on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Finally, Sanford C. Bernstein lifted their price objective on General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $358.50.

Insiders Place Their Bets

In other news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

General Dynamics Stock Performance

General Dynamics stock opened at $345.50 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. The stock’s 50 day moving average price is $341.63 and its 200 day moving average price is $322.60. The firm has a market capitalization of $93.33 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.72 and a beta of 0.40.

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, beating analysts’ consensus estimates of $3.69 by $0.19. The company had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

General Dynamics Company 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.