Cwm LLC Buys 32,455 Shares of General Dynamics Corporation $GD

Cwm LLC increased its stake in General Dynamics Corporation (NYSE:GD) by 44.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,477 shares of the aerospace company’s stock after acquiring an additional 32,455 shares during the quarter. Cwm LLC’s holdings in General Dynamics were worth $35,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Louisbourg Investments Inc. acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $27,000. Quarry LP lifted its holdings 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 during the period. Vermillion & White Wealth Management Group LLC boosted its position in 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 valued at $32,000 after acquiring an additional 49 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in General Dynamics during the 1st quarter worth about $33,000. Finally, NewSquare Capital LLC raised its position in shares of General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group upped their target price on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday, October 10th. BNP Paribas Exane initiated coverage on shares of General Dynamics in a research report on Tuesday, November 18th. They set an “outperform” rating and a $410.00 price objective for the company. Susquehanna lifted their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research note on Monday, October 27th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, BNP Paribas raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $358.50.

Insider Activity at General Dynamics

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

General Dynamics Stock Performance

NYSE GD opened at $342.19 on Friday. The company has a market cap of $92.43 billion, a P/E ratio of 22.18, a PEG ratio of 1.72 and a beta of 0.40. The company has a fifty day simple moving average of $341.84 and a 200 day simple moving average of $323.05. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion for 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 business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s payout ratio is currently 38.89%.

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.