Amundi Boosts Stock Holdings in General Dynamics Corporation $GD

Amundi boosted its stake in General Dynamics Corporation (NYSE:GD) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,335 shares of the aerospace company’s stock after purchasing an additional 5,433 shares during the quarter. Amundi’s holdings in General Dynamics were worth $35,075,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of General Dynamics in the second quarter worth about $66,599,000. Epoch Investment Partners Inc. boosted its position in shares of General Dynamics by 3.7% during the 2nd quarter. Epoch Investment Partners Inc. now owns 102,072 shares of the aerospace company’s stock valued at $29,770,000 after acquiring an additional 3,601 shares during the last quarter. Veltria Advisors Corp. purchased a new position in shares of General Dynamics in the second quarter valued at $229,000. Miramar Capital LLC increased its position in General Dynamics by 0.6% in the second quarter. Miramar Capital LLC now owns 37,852 shares of the aerospace company’s stock worth $11,040,000 after purchasing an additional 241 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in General Dynamics by 23.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,586 shares of the aerospace company’s stock valued at $1,046,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $334.15 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a market cap of $90.26 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40. The firm’s 50 day simple moving average is $341.20 and its 200-day simple moving average is $317.76. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 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 company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the business posted $3.35 EPS. General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current 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. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio is presently 38.89%.

Insider Buying and Selling

In other news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of a number of research reports. Wolfe Research boosted their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Robert W. Baird set a $390.00 target price on General Dynamics in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, UBS Group increased their target price on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, fourteen 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 a consensus rating of “Moderate Buy” and a consensus price target of $358.10.

About General Dynamics

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.