General Dynamics Corporation $GD Shares Purchased by American National Bank & Trust

American National Bank & Trust raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,416 shares of the aerospace company’s stock after acquiring an additional 1,934 shares during the quarter. General Dynamics makes up 1.3% of American National Bank & Trust’s investment portfolio, making the stock its 24th largest position. American National Bank & Trust’s holdings in General Dynamics were worth $13,100,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GD. Halbert Hargrove Global Advisors LLC acquired a new stake in General Dynamics during the third quarter worth approximately $26,000. Louisbourg Investments Inc. purchased a new position in shares of General Dynamics during the 3rd quarter worth $27,000. Quarry LP boosted its holdings 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 during the last quarter. Vermillion & White Wealth Management Group LLC grew its position in shares of General Dynamics by 80.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares during the period. Finally, Nova Wealth Management Inc. purchased a new stake in shares of General Dynamics in the first quarter valued at $33,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other General Dynamics news, VP David Paddock sold 20,360 shares of the business’s 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 completion of the transaction, the vice president owned 36,644 shares in the company, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $385.00 price objective on General Dynamics in a report on Monday, October 27th. Finally, UBS Group boosted their price target on General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Three investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $358.50.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $343.34 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The firm’s 50-day simple moving average is $341.62 and its 200-day simple moving average is $325.15. The firm has a market cap of $92.74 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.50 and a beta of 0.40.

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

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors 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 1.7%. General Dynamics’s dividend payout ratio (DPR) 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.