Olstein Capital Management L.P. Lowers Position in General Dynamics Corporation $GD

Olstein Capital Management L.P. decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 24.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,290 shares of the aerospace company’s stock after selling 7,710 shares during the quarter. General Dynamics accounts for approximately 1.5% of Olstein Capital Management L.P.’s portfolio, making the stock its 14th largest holding. Olstein Capital Management L.P.’s holdings in General Dynamics were worth $7,942,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in General Dynamics by 1.6% in the third quarter. Signaturefd LLC now owns 5,843 shares of the aerospace company’s stock valued at $1,992,000 after buying an additional 91 shares in the last quarter. BOS Asset Management LLC boosted its stake in shares of General Dynamics by 8.2% during the 3rd quarter. BOS Asset Management LLC now owns 3,195 shares of the aerospace company’s stock worth $1,089,000 after acquiring an additional 242 shares in the last quarter. NTV Asset Management LLC acquired a new stake in shares of General Dynamics during the 3rd quarter valued at about $204,000. Brown Miller Wealth Management LLC increased its stake in shares of General Dynamics by 0.7% in the 3rd quarter. Brown Miller Wealth Management LLC now owns 8,860 shares of the aerospace company’s stock valued at $3,021,000 after purchasing an additional 58 shares in the last quarter. Finally, Crowley Wealth Management Inc. raised its holdings in General Dynamics by 1.4% in the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after purchasing an additional 30 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In related news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction 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. This trade represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $343.34 on Friday. The company has a fifty day simple moving average of $341.62 and a 200-day simple moving average of $325.15. The firm has a market capitalization of $92.74 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.50 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be given a $1.50 dividend. The ex-dividend date is Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is 38.89%.

Wall Street Analysts Forecast Growth

Several analysts have commented on GD shares. BNP Paribas Exane started coverage on General Dynamics in a report on Tuesday, November 18th. They issued an “outperform” rating and a $410.00 price objective on the stock. Sanford C. Bernstein lifted their price target on shares of General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a research note on Tuesday, October 28th. Citigroup assumed coverage on shares of General Dynamics in a research report on Thursday, December 11th. They set a “neutral” rating and a $371.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $358.50.

General Dynamics 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.