Hsbc Holdings PLC Has $289.78 Million Stock Position in General Dynamics Corporation $GD

Key Points

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Hsbc Holdings PLC lessened its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 17.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,063,529 shares of the aerospace company's stock after selling 226,815 shares during the period. Hsbc Holdings PLC owned approximately 0.40% of General Dynamics worth $289,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GD. JPMorgan Chase & Co. increased its stake in shares of General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company's stock valued at $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Royal Bank of Canada grew its position in General Dynamics by 5.2% in the fourth quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company's stock valued at $773,355,000 after acquiring an additional 145,978 shares during the last quarter. Northern Trust Corp raised its stake in General Dynamics by 4.2% during the fourth quarter. Northern Trust Corp now owns 2,606,137 shares of the aerospace company's stock worth $686,691,000 after acquiring an additional 103,870 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of General Dynamics by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company's stock worth $431,327,000 after acquiring an additional 5,313 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company's stock valued at $353,558,000 after purchasing an additional 94,537 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on GD shares. Cowen reissued a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. TD Cowen upped their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Morgan Stanley cut their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. TD Securities increased their target price on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Susquehanna raised their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a report on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, General Dynamics has an average rating of "Hold" and an average target price of $315.78.

General Dynamics Trading Down 0.4%

NYSE:GD traded down $1.1580 on Thursday, reaching $316.3220. 717,450 shares of the stock traded hands, compared to its average volume of 1,052,458. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $322.50. The company's 50 day moving average is $301.82 and its 200-day moving average is $278.78. The firm has a market capitalization of $85.09 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.48.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the previous year, the company earned $3.26 EPS. The company's revenue for the quarter was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities research analysts anticipate 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, November 14th. Shareholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

Insider Transactions at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president directly owned 16,627 shares of the company's stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the sale, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 448,900 shares of company stock worth $135,121,890. Corporate insiders own 1.50% of the company's stock.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.