Diversified Trust Co Raises Stock Holdings in General Dynamics Corporation $GD

Diversified Trust Co grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 31.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,632 shares of the aerospace company’s stock after buying an additional 2,309 shares during the period. Diversified Trust Co’s holdings in General Dynamics were worth $3,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of General Dynamics by 1.5% in the first quarter. Baird Financial Group Inc. now owns 77,393 shares of the aerospace company’s stock valued at $21,096,000 after acquiring an additional 1,111 shares in the last quarter. Nomura Holdings Inc. boosted its stake in shares of General Dynamics by 3.2% in the first quarter. Nomura Holdings Inc. now owns 12,408 shares of the aerospace company’s stock worth $3,382,000 after acquiring an additional 389 shares during the period. Quarry LP grew its position in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Finally, Flputnam Investment Management Co. raised its stake in General Dynamics by 503.1% during the 1st quarter. Flputnam Investment Management Co. now owns 9,420 shares of the aerospace company’s stock valued at $2,568,000 after purchasing an additional 7,858 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BNP Paribas Exane began coverage on General Dynamics in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $410.00 price target for the company. Wolfe Research upped their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Susquehanna increased their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. raised their price objective on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $358.50.

Insiders Place Their Bets

In related news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

General Dynamics stock opened at $339.43 on Wednesday. The company’s 50-day moving average price is $341.88 and its 200-day moving average price is $324.53. 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 company has a market cap of $91.69 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.40. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter last year, the firm earned $3.35 EPS. The firm’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 research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be given 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 payout ratio is currently 38.89%.

General Dynamics Company 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.