Yousif Capital Management LLC Trims Stake in General Dynamics Corporation $GD

Yousif Capital Management LLC lowered its position in General Dynamics Corporation (NYSE:GD) by 9.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 46,174 shares of the aerospace company’s stock after selling 4,921 shares during the period. Yousif Capital Management LLC’s holdings in General Dynamics were worth $15,745,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in General Dynamics by 3.4% during the third quarter. Farther Finance Advisors LLC now owns 15,446 shares of the aerospace company’s stock worth $5,267,000 after buying an additional 512 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. boosted its position in shares of General Dynamics by 9.2% during the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,335 shares of the aerospace company’s stock valued at $455,000 after acquiring an additional 112 shares during the last quarter. Parcion Private Wealth LLC grew its holdings in shares of General Dynamics by 28.0% during the third quarter. Parcion Private Wealth LLC now owns 3,716 shares of the aerospace company’s stock worth $1,267,000 after purchasing an additional 813 shares in the last quarter. Roffman Miller Associates Inc. PA grew its holdings in shares of General Dynamics by 2.6% during the third quarter. Roffman Miller Associates Inc. PA now owns 85,454 shares of the aerospace company’s stock worth $29,140,000 after purchasing an additional 2,172 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its position in shares of General Dynamics by 5.4% in the third quarter. HBK Sorce Advisory LLC now owns 7,714 shares of the aerospace company’s stock worth $2,672,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $345.08 on Tuesday. The firm has a market cap of $93.21 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.69 and a beta of 0.40. The firm’s fifty day moving average is $340.90 and its 200 day moving average is $321.80. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. 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 (NYSE:GD) last posted its quarterly earnings results 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 net margin of 8.18% and a return on equity of 18.27%. The business had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the firm posted $3.35 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

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

Insider Transactions at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday. BNP Paribas upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Argus lifted 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. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.50.

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.