General Dynamics Corporation $GD Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 77.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the aerospace company’s stock after purchasing an additional 9,592 shares during the quarter. Nomura Holdings Inc.’s holdings in General Dynamics were worth $6,417,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in shares of General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after acquiring an additional 709,782 shares during the period. Prudential Financial Inc. lifted its position in General Dynamics by 142.5% in the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock valued at $127,838,000 after purchasing an additional 257,534 shares during the last quarter. AQR Capital Management LLC boosted its stake in General Dynamics by 43.0% during the 2nd quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock valued at $222,294,000 after purchasing an additional 229,352 shares during the period. Marshall Wace LLP bought a new position in General Dynamics in the 2nd quarter worth about $66,599,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of General Dynamics by 55.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 589,899 shares of the aerospace company’s stock valued at $172,050,000 after purchasing an additional 210,438 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Up 1.0%

Shares of General Dynamics stock opened at $340.96 on Tuesday. The business has a fifty day simple moving average of $340.99 and a 200-day simple moving average of $319.58. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The firm has a market cap of $92.10 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 1.68 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.

General Dynamics (NYSE:GD) last issued 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 analysts’ expectations of $12.49 billion. During the same period in the previous year, the business earned $3.35 earnings per share. General Dynamics’s revenue for the quarter 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, equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

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

Analysts Set New Price Targets

GD has been the subject of several analyst reports. BNP Paribas upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, November 18th. UBS Group boosted their price target on General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. The Goldman Sachs Group raised their price target on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a report on Friday, October 10th. Susquehanna upped their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Finally, Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $358.25.

General Dynamics Company 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.