Davis Capital Management Buys Shares of 2,954 General Dynamics Corporation $GD

Davis Capital Management purchased a new position in General Dynamics Corporation (NYSE:GD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,954 shares of the aerospace company’s stock, valued at approximately $1,007,000.

A number of other institutional investors have also modified their holdings of GD. Halbert Hargrove Global Advisors LLC bought a new position in General Dynamics in the third quarter worth about $26,000. Louisbourg Investments Inc. bought a new stake in shares of General Dynamics in the 3rd quarter worth approximately $27,000. Quarry LP grew its stake in General Dynamics by 783.3% during 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 last quarter. Vermillion & White Wealth Management Group LLC grew its stake in General Dynamics by 80.3% during the 2nd 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. Finally, NewSquare Capital LLC increased its position in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after buying an additional 44 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

NYSE GD opened at $343.34 on Friday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The firm has a market capitalization of $92.74 billion, a PE ratio of 22.25, a P/E/G ratio of 1.53 and a beta of 0.41. The company’s 50 day simple moving average is $341.62 and its 200 day simple moving average is $325.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.

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

General Dynamics Announces Dividend

The firm also recently declared 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 1.7%. General Dynamics’s payout ratio is 38.89%.

Analyst Ratings Changes

Several equities analysts have recently commented on GD shares. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. BNP Paribas Exane assumed coverage on shares of General Dynamics in a research note on Tuesday, November 18th. They set an “outperform” rating and a $410.00 target price for the company. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research note on Monday, October 27th. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Monday, October 27th. Finally, UBS Group raised their target price 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 research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $358.50.

Insiders Place Their Bets

In other General Dynamics news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were 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 of the company’s stock, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

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.