Vest Financial LLC Lowers Holdings in General Dynamics Corporation $GD

Vest Financial LLC cut its holdings in General Dynamics Corporation (NYSE:GD) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,424 shares of the aerospace company’s stock after selling 26,366 shares during the quarter. Vest Financial LLC owned 0.06% of General Dynamics worth $59,820,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Truist Financial Corp raised its stake in shares of General Dynamics by 0.5% in the second quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company’s stock valued at $83,548,000 after purchasing an additional 1,370 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in General Dynamics by 52.4% in the second quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company’s stock worth $2,678,000 after purchasing an additional 3,156 shares in the last quarter. Gold Investment Management Ltd. grew its holdings in General Dynamics by 73.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after acquiring an additional 4,532 shares during the last quarter. Davis Capital Management acquired a new stake in shares of General Dynamics in the third quarter valued at approximately $1,007,000. Finally, Los Angeles Capital Management LLC lifted its position in General Dynamics by 20.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after purchasing an additional 51,655 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of the company’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 sale, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Citigroup boosted their target price on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price target on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Robert W. Baird set a $390.00 price target on General Dynamics in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average price target of $366.70.

General Dynamics Price Performance

GD stock opened at $359.05 on Wednesday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company’s 50-day moving average is $345.01 and its 200-day moving average is $331.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market capitalization of $96.99 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.General Dynamics’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend 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 presently 38.89%.

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.