General Dynamics Corporation $GD Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC cut its holdings in shares of General Dynamics Corporation (NYSE:GD) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 741,984 shares of the aerospace company’s stock after selling 10,087 shares during the quarter. General Dynamics comprises approximately 2.5% of Cullen Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Cullen Capital Management LLC owned 0.28% of General Dynamics worth $216,407,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GD. Quarry LP raised its stake in General Dynamics by 783.3% in the first 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 increased its position in General Dynamics by 80.3% during the 2nd 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. purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $33,000. NewSquare Capital LLC increased its holdings in General Dynamics by 64.7% during the 2nd 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. purchased a new stake in shares of General Dynamics in the second quarter valued at $35,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Down 1.2%

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

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company earned $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. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on GD shares. Wolfe Research increased their price objective 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a report on Monday, October 27th. Argus upped their price target on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Finally, Citigroup assumed coverage on General Dynamics in a research report on Thursday. They set a “neutral” rating and a $371.00 price objective for the company. Three 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 issued a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics has an average 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.