Polaris Capital Management LLC Has $32.16 Million Stock Holdings in General Dynamics Corporation $GD

Polaris Capital Management LLC cut its holdings in General Dynamics Corporation (NYSE:GD) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,254 shares of the aerospace company’s stock after selling 6,900 shares during the quarter. General Dynamics comprises approximately 2.1% of Polaris Capital Management LLC’s holdings, making the stock its 20th largest position. Polaris Capital Management LLC’s holdings in General Dynamics were worth $32,157,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC lifted its stake in General Dynamics by 9.1% in the second quarter. Ameritas Advisory Services LLC now owns 5,099 shares of the aerospace company’s stock valued at $1,487,000 after acquiring an additional 427 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in General Dynamics by 4.0% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,655 shares of the aerospace company’s stock valued at $1,649,000 after acquiring an additional 216 shares during the last quarter. Mattern Capital Management LLC lifted its stake in General Dynamics by 0.5% in the second quarter. Mattern Capital Management LLC now owns 35,597 shares of the aerospace company’s stock valued at $10,382,000 after acquiring an additional 190 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in General Dynamics by 9.4% in the second quarter. Abacus Planning Group Inc. now owns 1,425 shares of the aerospace company’s stock valued at $416,000 after acquiring an additional 123 shares during the last quarter. Finally, Crews Bank & Trust raised its position in shares of General Dynamics by 79.9% in the second quarter. Crews Bank & Trust now owns 286 shares of the aerospace company’s stock valued at $83,000 after purchasing an additional 127 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other General Dynamics news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by insiders.

General Dynamics Trading Up 0.8%

Shares of GD stock opened at $343.76 on Friday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $345.22. The firm’s fifty day simple moving average is $321.91 and its 200 day simple moving average is $294.12. The firm has a market capitalization of $92.47 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.09 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the previous year, the firm posted $3.26 earnings per share. General Dynamics’s revenue 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. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s payout ratio is currently 40.27%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the stock 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. UBS Group boosted their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Wolfe Research upgraded shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research note on Thursday, July 24th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.