General Dynamics Corporation $GD Stock Holdings Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in General Dynamics Corporation (NYSE:GD) by 0.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 616,302 shares of the aerospace company’s stock after buying an additional 3,852 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in General Dynamics were worth $210,159,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GD. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics during the third quarter worth approximately $26,000. Louisbourg Investments Inc. bought a new stake in General Dynamics during the 3rd quarter valued at $27,000. Vermillion & White Wealth Management Group LLC boosted its position in General Dynamics by 80.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 49 shares during the period. NewSquare Capital LLC grew its stake in shares of General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in shares of General Dynamics during the second quarter valued at $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on GD shares. Bank of America boosted their price target on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Robert W. Baird set a $390.00 price target on General Dynamics in a research note on Monday, October 27th. Morgan Stanley set a $385.00 price objective on General Dynamics in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Citigroup reiterated a “neutral” rating on shares of General Dynamics in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $359.00.

General Dynamics Stock Up 2.0%

Shares of General Dynamics stock opened at $360.89 on Tuesday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $367.65. The firm has a market capitalization of $97.48 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.56 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. The stock’s fifty day moving average is $342.70 and its 200-day moving average is $328.81.

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 the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter in the previous year, the company earned $3.35 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, January 16th. General Dynamics’s payout ratio is presently 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.