Orion Investment Co Lowers Stake in General Dynamics Corporation $GD

Orion Investment Co reduced its position in shares of General Dynamics Corporation (NYSE:GD) by 0.2% during the 1st quarter, HoldingsChannel reports. The fund owned 20,158 shares of the aerospace company’s stock after selling 40 shares during the period. General Dynamics accounts for 2.3% of Orion Investment Co’s portfolio, making the stock its 15th biggest position. Orion Investment Co’s holdings in General Dynamics were worth $5,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC lifted its stake in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in General Dynamics in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics in the 1st quarter valued at about $27,000. Copia Wealth Management purchased a new position in General Dynamics in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at about $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research reports. TD Cowen raised 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. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Barclays raised their price target 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. Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a research note on Thursday, July 24th. Finally, Citigroup raised their target price 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. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $315.78.

General Dynamics Trading Up 1.0%

GD opened at $325.50 on Thursday. 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’s 50 day simple moving average is $305.13 and its two-hundred day simple moving average is $280.58. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $325.82. The firm has a market capitalization of $87.55 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.98 and a beta of 0.48.

General Dynamics (NYSE:GD) 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 business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared 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. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is presently 40.27%.

Insider Activity

In other news, Director Mark Malcolm sold 1,210 shares of General Dynamics stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $319.04, for a total transaction of $386,038.40. Following the sale, the director owned 10,186 shares of the company’s stock, valued at approximately $3,249,741.44. The trade was a 10.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics 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 sale, the executive vice president directly 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 quarter, insiders have sold 458,260 shares of company stock worth $138,125,545. 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.