Quantbot Technologies LP Lowers Position in General Dynamics Corporation $GD

Key Points

• Quantbot Technologies LP has significantly reduced its stake in General Dynamics Corporation by 90.3%, leaving it with 6,468 shares worth approximately $1.76 million.
• Several investors have increased their positions in General Dynamics, with GAMMA Investing LLC boosting its stake by a staggering 34,578.2% during the same quarter.
• General Dynamics recently reported earnings of $3.74 per share, exceeding analysts' expectations, alongside a quarterly revenue of $13.04 billion, representing an 8.9% year-over-year increase.

Quantbot Technologies LP cut its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 90.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,468 shares of the aerospace company's stock after selling 60,089 shares during the quarter. Quantbot Technologies LP's holdings in General Dynamics were worth $1,763,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GD. GAMMA Investing LLC increased its position in shares of General Dynamics by 34,578.2% during the 1st quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after purchasing an additional 1,241,011 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in General Dynamics in the 4th quarter worth about $279,582,000. Nuveen LLC purchased a new stake in General Dynamics in the 1st quarter worth about $272,464,000. Deutsche Bank AG increased its holdings in General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock worth $343,866,000 after acquiring an additional 690,349 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in General Dynamics by 6,387.2% in the 4th quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock worth $105,722,000 after acquiring an additional 395,051 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

NYSE:GD opened at $316.3220 on Friday. The business has a 50 day moving average of $301.82 and a 200 day moving average of $278.78. The company has a market capitalization of $85.09 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.95 and a beta of 0.48. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $322.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

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

Insider Transactions at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon Rudy F. De sold 5,490 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.81, for a total value of $1,717,326.90. Following the completion of the sale, the director owned 5,483 shares of the company's stock, valued at $1,715,137.23. The trade was a 50.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,900 shares of company stock valued at $135,121,890. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on GD shares. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and raised their target price for the stock from $298.00 to $342.00 in a research note on Tuesday, July 8th. Argus set a $295.00 target price on General Dynamics in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their target price on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. TD Cowen raised their target price on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Morgan Stanley cut their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average target price of $315.78.

General Dynamics 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.

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