Voleon Capital Management LP Has $3.22 Million Stock Holdings in General Dynamics Corporation $GD

Key Points

• Voleon Capital Management LP has reduced its holdings in General Dynamics Corporation by 40.4%, now owning 11,815 shares worth approximately $3.22 million after selling 7,993 shares in the first quarter.
• General Dynamics recently reported quarterly earnings of $3.74 per share, exceeding analyst expectations, with revenue of $13.04 billion for the quarter, marking an 8.9% increase year-over-year.
• The company declared a quarterly dividend of $1.50 per share, set to be paid on November 14th, representing a 1.9% dividend yield and a payout ratio of 40.27%.

Voleon Capital Management LP lowered its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 40.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,815 shares of the aerospace company's stock after selling 7,993 shares during the period. Voleon Capital Management LP's holdings in General Dynamics were worth $3,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. Brighton Jones LLC lifted its holdings in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after acquiring an additional 417 shares during the period. FORA Capital LLC bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $366,000. Ethic Inc. lifted its holdings in shares of General Dynamics by 40.2% during the 4th quarter. Ethic Inc. now owns 7,088 shares of the aerospace company's stock worth $1,868,000 after acquiring an additional 2,034 shares during the period. Focus Partners Wealth lifted its holdings in shares of General Dynamics by 324.5% during the 4th quarter. Focus Partners Wealth now owns 89,686 shares of the aerospace company's stock worth $24,488,000 after acquiring an additional 68,561 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of General Dynamics by 38.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 243,730 shares of the aerospace company's stock worth $64,220,000 after acquiring an additional 67,167 shares during the period. Institutional investors own 86.14% of the company's stock.

General Dynamics Trading Up 2.0%

Shares of GD traded up $6.55 during trading hours on Thursday, hitting $329.60. 834,075 shares of the stock were exchanged, compared to its average volume of 1,387,949. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $330.00. 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 business has a 50-day moving average of $312.40 and a 200-day moving average of $285.84. The firm has a market capitalization of $88.66 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the prior year, the company posted $3.26 earnings per share. General Dynamics's revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics's dividend payout ratio is 40.27%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Barclays increased their price objective 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. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the company a "market perform" rating in a research note on Monday, July 14th. Citigroup increased their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, TD Cowen increased their price objective 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. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics has a consensus rating of "Hold" and a consensus target price of $315.78.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark Malcolm sold 1,210 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $319.04, for a total transaction of $386,038.40. Following the completion of the sale, the director owned 10,186 shares of the company's stock, valued at $3,249,741.44. The trade was a 10.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 458,260 shares of company stock valued at $138,125,545 over the last 90 days. 1.50% of the stock is owned by company insiders.

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.