Arvest Investments Inc. Has $1.09 Million Stock Position in General Dynamics Corporation $GD

Arvest Investments Inc. cut its position in General Dynamics Corporation (NYSE:GD) by 50.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,201 shares of the aerospace company’s stock after selling 3,206 shares during the quarter. Arvest Investments Inc.’s holdings in General Dynamics were worth $1,092,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisbourg Investments Inc. bought a new position in shares of General Dynamics in the third quarter worth about $27,000. Quarry LP increased its position in 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 buying an additional 94 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of 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 buying an additional 49 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of General Dynamics by 64.7% in 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 during the period. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of General Dynamics in the second quarter worth $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In other news, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president owned 36,644 shares in the company, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

NYSE:GD opened at $339.59 on Monday. 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 firm has a market cap of $91.73 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.40. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The company’s 50-day moving average price is $340.69 and its two-hundred day moving average price is $321.31.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.19. The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm 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. The ex-dividend date is Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is presently 38.89%.

Analyst Upgrades and Downgrades

GD has been the subject of several research analyst reports. Citigroup started coverage on shares of General Dynamics in a research note on Thursday, December 11th. They set a “neutral” rating and a $371.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Susquehanna boosted their price objective on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research report on Monday, October 27th. Finally, The Goldman Sachs Group raised their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $358.50.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.