General Dynamics Corporation $GD Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its position in shares of General Dynamics Corporation (NYSE:GD) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,388 shares of the aerospace company’s stock after buying an additional 65 shares during the quarter. Verdence Capital Advisors LLC’s holdings in General Dynamics were worth $2,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GD. Astoria Portfolio Advisors LLC. raised its position in shares of General Dynamics by 11.1% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 972 shares of the aerospace company’s stock worth $305,000 after purchasing an additional 97 shares during the period. Concord Wealth Partners raised its position in shares of General Dynamics by 30.0% during the 2nd quarter. Concord Wealth Partners now owns 624 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 144 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of General Dynamics by 30.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 41,063 shares of the aerospace company’s stock worth $11,976,000 after purchasing an additional 9,691 shares during the period. Pzena Investment Management LLC raised its position in shares of General Dynamics by 4.7% during the 2nd quarter. Pzena Investment Management LLC now owns 291,536 shares of the aerospace company’s stock worth $85,029,000 after purchasing an additional 13,008 shares during the period. Finally, Griffin Asset Management Inc. raised its position in shares of General Dynamics by 1.4% during the 2nd quarter. Griffin Asset Management Inc. now owns 6,846 shares of the aerospace company’s stock worth $1,997,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GD. Cowen reiterated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Susquehanna raised their target price on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Robert W. Baird raised their target price on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, TD Cowen raised their target price on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $324.11.

General Dynamics Stock Performance

Shares of NYSE GD opened at $333.03 on Monday. The stock has a fifty day moving average price of $324.93 and a two-hundred day moving average price of $297.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The firm has a market cap of $89.58 billion, a P/E ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Insider Activity

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the sale, the executive vice president directly owned 39,875 shares of the company’s stock, valued at $12,452,165. This trade represents a 52.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

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.