SS&H Financial Advisors Inc. Invests $697,000 in General Dynamics Corporation $GD

SS&H Financial Advisors Inc. bought a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,045 shares of the aerospace company’s stock, valued at approximately $697,000.

A number of other large investors also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC bought a new stake in shares of General Dynamics during the third quarter valued at approximately $26,000. Louisbourg Investments Inc. purchased a new position in General Dynamics during the third quarter valued at $27,000. Quarry LP increased its holdings in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in 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 in the last quarter. Finally, Nova Wealth Management Inc. bought a new position in shares of General Dynamics during the 1st quarter valued at about $33,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup began coverage on General Dynamics in a report on Thursday, December 11th. They issued a “neutral” rating and a $371.00 target price on the stock. Vertical Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research note on Monday, October 27th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Argus raised their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Finally, Sanford C. Bernstein boosted their price target on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $358.50.

Insider Buying and Selling

In related news, VP David Paddock sold 20,360 shares of the 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 directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This represents a 35.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $342.19 on Monday. The stock has a market cap of $92.43 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a 50 day moving average price of $341.84 and a 200-day moving average price of $323.70. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50.

General Dynamics (NYSE:GD) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the company earned $3.35 earnings per share. General Dynamics’s revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be paid 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 payout ratio is currently 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.