Schroder Investment Management Group Decreases Stock Position in General Dynamics Corporation $GD

Schroder Investment Management Group trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 10.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,180 shares of the aerospace company’s stock after selling 2,602 shares during the quarter. Schroder Investment Management Group’s holdings in General Dynamics were worth $6,469,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 49 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in General Dynamics during the 1st quarter valued at about $33,000. NewSquare Capital LLC raised its holdings in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. Finally, Harbor Asset Planning Inc. purchased a new position in General Dynamics in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the sale, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $340.86 on Friday. The stock has a fifty day simple moving average of $341.13 and a 200-day simple moving average of $316.01. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock has a market cap of $92.07 billion, a PE ratio of 22.09, a P/E/G ratio of 1.72 and a beta of 0.40. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. The firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. General Dynamics’s 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. Equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors 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 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. UBS Group upped their target price on General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Bank of America raised their target price on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Susquehanna raised their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $358.10.

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.