Simon Quick Advisors LLC Acquires 5,833 Shares of General Dynamics Corporation $GD

Simon Quick Advisors LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 92.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,120 shares of the aerospace company’s stock after purchasing an additional 5,833 shares during the period. Simon Quick Advisors LLC’s holdings in General Dynamics were worth $4,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GD. Halbert Hargrove Global Advisors LLC bought a new position in shares of General Dynamics during the third quarter worth about $26,000. Louisbourg Investments Inc. acquired a new stake in General Dynamics during the 3rd quarter valued at approximately $27,000. Quarry LP raised its holdings in General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in shares of General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in shares of General Dynamics in the 1st quarter valued at $33,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GD shares. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Robert W. Baird set a $390.00 price objective on General Dynamics in a research report on Monday, October 27th. BNP Paribas raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, November 18th. UBS Group raised their target price on General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Melius Research raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $358.50.

Insider Activity at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the sale, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

General Dynamics Stock Up 2.0%

Shares of NYSE:GD opened at $343.34 on Friday. The firm has a market cap of $92.74 billion, a P/E ratio of 22.25, a PEG ratio of 1.50 and a beta of 0.40. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The business’s 50 day simple moving average is $341.62 and its two-hundred day simple moving average is $325.15. 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 (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same period last year, the business earned $3.35 EPS. General Dynamics’s quarterly revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is currently 38.89%.

About General Dynamics

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.