Advisory Services Network LLC Sells 4,584 Shares of General Dynamics Corporation $GD

Advisory Services Network LLC reduced its stake in General Dynamics Corporation (NYSE:GD) by 18.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,117 shares of the aerospace company’s stock after selling 4,584 shares during the period. Advisory Services Network LLC’s holdings in General Dynamics were worth $6,269,000 at the end of the most recent reporting period.

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

General Dynamics Stock Performance

NYSE:GD opened at $337.45 on Monday. The company has a market capitalization of $91.15 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.68 and a beta of 0.40. The business has a 50 day moving average of $341.11 and a 200 day moving average of $319.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings results 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 net margin of 8.18% and a return on equity of 18.27%. The firm 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 firm posted $3.35 earnings per share. The business’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. On average, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be given 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%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GD. Bank of America boosted their price target on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. BNP Paribas Exane began coverage on General Dynamics in a research note on Tuesday, November 18th. They set an “outperform” rating and a $410.00 price objective for the company. Melius Research upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Argus boosted their price objective on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.25.

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.