Y Intercept Hong Kong Ltd Has $11.67 Million Stock Position in General Dynamics Corporation $GD

Y Intercept Hong Kong Ltd lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 1,037.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,009 shares of the aerospace company’s stock after acquiring an additional 36,493 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in General Dynamics were worth $11,669,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the 1st quarter worth about $27,000. Quarry LP boosted its stake in General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Abound Financial LLC acquired a new stake in General Dynamics during the 1st quarter worth $32,000. Harbor Asset Planning Inc. bought a new stake in shares of General Dynamics during the 2nd quarter valued at $35,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of General Dynamics in the 1st quarter valued at $33,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. 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 report on Tuesday, July 29th. Morgan Stanley lifted their price target on shares of General Dynamics from $328.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Citigroup upped their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the stock a “market perform” rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $327.44.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,110 shares of company stock valued at $60,778,364 over the last ninety days. Insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $350.22 on Monday. The stock has a market cap of $94.20 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.47. The stock has a 50-day moving average price of $329.49 and a two-hundred day moving average price of $302.27. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share 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 company had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. During the same period in the prior year, the firm earned $3.35 earnings per share. General Dynamics’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 forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

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.