Cerity Partners LLC Has $21.59 Million Stock Position in General Dynamics Corporation $GD

Cerity Partners LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,014 shares of the aerospace company’s stock after acquiring an additional 12,710 shares during the quarter. Cerity Partners LLC’s holdings in General Dynamics were worth $21,587,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP lifted its position in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares during the period. Vermillion & White Wealth Management Group LLC grew its stake in General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares during the period. Nova Wealth Management Inc. acquired a new position in General Dynamics in the first quarter valued at approximately $33,000. NewSquare Capital LLC grew its position in shares of General Dynamics by 64.7% during the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after buying an additional 44 shares during the period. Finally, Harbor Asset Planning Inc. acquired a new position in shares of General Dynamics during the 2nd quarter valued at $35,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Down 0.6%

GD stock opened at $334.15 on Wednesday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The firm has a market capitalization of $90.26 billion, a PE ratio of 21.66, a PEG ratio of 1.70 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $341.20 and a two-hundred day simple moving average of $317.76.

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

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is 38.89%.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. BNP Paribas upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, November 18th. Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a report on Monday, October 27th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, UBS Group lifted their price target on General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.