Roffman Miller Associates Inc. PA Increases Position in General Dynamics Corporation $GD

Roffman Miller Associates Inc. PA increased its holdings in shares of General Dynamics Corporation (NYSE:GD) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,454 shares of the aerospace company’s stock after buying an additional 2,172 shares during the period. General Dynamics comprises 1.6% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 22nd largest holding. Roffman Miller Associates Inc. PA’s holdings in General Dynamics were worth $29,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Ameriprise Financial Inc. boosted its holdings in General Dynamics by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after purchasing an additional 691,340 shares during the period. Prudential Financial Inc. increased its holdings in General Dynamics by 142.5% during the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock worth $127,838,000 after purchasing an additional 257,534 shares during the period. AQR Capital Management LLC raised its position in General Dynamics by 43.0% in the 2nd quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock valued at $222,294,000 after purchasing an additional 229,352 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of General Dynamics in the 2nd quarter valued at about $66,599,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of General Dynamics by 55.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 589,899 shares of the aerospace company’s stock worth $172,050,000 after buying an additional 210,438 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Argus raised their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. BNP Paribas Exane initiated coverage on shares of General Dynamics in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $410.00 price objective on the stock. UBS Group lifted their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Bank of America raised their price target on General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $358.50.

General Dynamics Trading Up 1.7%

Shares of General Dynamics stock opened at $345.08 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The company’s fifty day moving average is $340.90 and its two-hundred day moving average is $321.80. The company has a market capitalization of $93.21 billion, a P/E ratio of 22.36, a PEG ratio of 1.69 and a beta of 0.40.

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

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio is 38.89%.

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.