Voya Investment Management LLC Sells 5,386 Shares of General Dynamics Corporation $GD

Voya Investment Management LLC trimmed its position in General Dynamics Corporation (NYSE:GD) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,097 shares of the aerospace company’s stock after selling 5,386 shares during the period. Voya Investment Management LLC’s holdings in General Dynamics were worth $30,382,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GD. State Street Corp grew its position in General Dynamics by 1.1% during the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after buying an additional 119,664 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of General Dynamics by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after acquiring an additional 691,340 shares during the last quarter. Invesco Ltd. grew its holdings in shares of General Dynamics by 0.4% during the second quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after purchasing an additional 9,283 shares in the last quarter. Franklin Resources Inc. increased its position in shares of General Dynamics by 2.5% in the second quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock worth $499,377,000 after purchasing an additional 41,349 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in General Dynamics by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock valued at $466,320,000 after purchasing an additional 16,459 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the business’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 transaction, the vice president owned 36,644 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GD has been the topic of a number of research analyst reports. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday. Melius Research raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Robert W. Baird set a $390.00 target price on General Dynamics in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.50.

General Dynamics Trading Up 0.7%

NYSE GD opened at $339.59 on Friday. The firm has a market cap of $91.73 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.40. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The stock has a 50-day moving average of $340.69 and a 200-day moving average of $320.98. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is presently 38.89%.

General Dynamics Company 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.