Federated Hermes Inc. Buys 49,767 Shares of General Dynamics Corporation $GD

Federated Hermes Inc. raised its position in shares of General Dynamics Corporation (NYSE:GD) by 1,164.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,040 shares of the aerospace company’s stock after acquiring an additional 49,767 shares during the period. Federated Hermes Inc.’s holdings in General Dynamics were worth $15,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of General Dynamics by 4.2% in the first quarter. Rathbones Group PLC now owns 2,166 shares of the aerospace company’s stock worth $590,000 after buying an additional 87 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in shares of General Dynamics by 9.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 85,556 shares of the aerospace company’s stock worth $23,257,000 after acquiring an additional 7,613 shares during the last quarter. National Pension Service boosted its holdings in General Dynamics by 11.2% during the 1st quarter. National Pension Service now owns 560,392 shares of the aerospace company’s stock valued at $152,752,000 after acquiring an additional 56,370 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its position in General Dynamics by 70.6% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 423 shares of the aerospace company’s stock valued at $115,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GD shares. Bank of America upped their target price on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. BNP Paribas raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, November 18th. Vertical Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research report on Monday, October 27th. Argus upped their target price on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Finally, Robert W. Baird set a $390.00 price target on General Dynamics in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $358.10.

General Dynamics Stock Performance

Shares of GD opened at $342.17 on Thursday. The stock has a 50-day moving average of $341.23 and a two-hundred day moving average of $317.93. 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 stock has a market cap of $92.43 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.70 and a beta of 0.40. 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 earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter in the previous year, the company posted $3.35 earnings per share. The company’s revenue 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. As a group, research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s dividend payout ratio is 38.89%.

Insider Buying and Selling at General Dynamics

In related news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction 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. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by 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.