Vestmark Advisory Solutions Inc. Has $1.68 Million Position in General Dynamics Corporation $GD

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in General Dynamics Corporation by 72.4% in Q1, owning 6,157 shares valued at $1.68 million.
• Several institutional investors, including Brighton Jones LLC and Canada Pension Plan Investment Board, have also raised their stakes in General Dynamics during the fourth quarter, indicating strong institutional interest.
• General Dynamics recently announced a quarterly dividend of $1.50, with an annualized dividend yield of 1.9%, showcasing its commitment to returning value to shareholders.

Vestmark Advisory Solutions Inc. raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 72.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,157 shares of the aerospace company's stock after buying an additional 2,586 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in General Dynamics were worth $1,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners boosted its stake 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 worth $353,558,000 after buying an additional 94,537 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in General Dynamics by 7.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,390 shares of the aerospace company's stock worth $1,742,000 after acquiring an additional 468 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its position in General Dynamics by 70.6% during the first quarter. Financial Network Wealth Advisors LLC now owns 423 shares of the aerospace company's stock valued at $115,000 after purchasing an additional 175 shares during the last quarter. National Pension Service grew its stake in General Dynamics by 11.2% in the first quarter. National Pension Service now owns 560,392 shares of the aerospace company's stock valued at $152,752,000 after purchasing an additional 56,370 shares in the last quarter. Finally, Thomas Story & Son LLC increased its position in shares of General Dynamics by 4.0% during the 1st quarter. Thomas Story & Son LLC now owns 37,908 shares of the aerospace company's stock worth $10,333,000 after purchasing an additional 1,447 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GD has been the subject of several recent analyst reports. Susquehanna increased their price objective on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a report on Thursday, July 24th. TD Cowen increased their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Citigroup boosted their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Barclays raised their target price on shares of General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley lowered their price target on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 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 stock. According to MarketBeat, General Dynamics currently has a consensus rating of "Hold" and an average price target of $315.78.

General Dynamics Stock Performance

GD traded down $0.95 during trading on Thursday, hitting $316.53. The stock had a trading volume of 450,174 shares, compared to its average volume of 1,436,052. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The company has a 50 day moving average price of $301.09 and a 200-day moving average price of $278.37. General Dynamics Corporation has a one year low of $239.20 and a one year high of $322.50. The firm has a market cap of $85.14 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.94 and a beta of 0.48.

General Dynamics (NYSE:GD - Get Free Report) last posted 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%.The company's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. General Dynamics's payout ratio is currently 40.27%.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 approximately $1,715,137.23. This trade represents a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 448,900 shares of company stock worth $135,121,890. Insiders own 1.50% of the company's stock.

About General Dynamics

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.