Key Points
- General Dynamics VP David Paddock sold 20,360 shares on Dec. 17 at an average price of $334.92 for about $6.82 million, leaving him with 36,644 shares — a 35.72% reduction in his position.
- The company beat quarterly expectations with EPS of $3.88 versus $3.69 consensus and revenue of $12.91 billion (up 10.6% year-over-year), and set FY2025 guidance of $15.30–15.35 in EPS versus analysts' FY estimate of about $14.83.
- General Dynamics declared a quarterly dividend of $1.50 (annualized $6.00) with an ex-dividend/record date of Jan. 16 and a payment date of Feb. 6, implying a yield of roughly 1.8% and a payout ratio near 38.9%.
General Dynamics Corporation (NYSE:GD - Get Free Report) 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 completion of the sale, the vice president directly owned 36,644 shares of the company's stock, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
General Dynamics Price Performance
GD opened at $337.20 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock's 50 day simple moving average is $340.56 and its 200 day simple moving average is $320.23. The firm has a market cap of $91.08 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.67 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.
General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating 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 firm had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the prior year, the firm posted $3.35 earnings per share. The business'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, analysts predict that General Dynamics Corporation will post 14.83 earnings per share 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 issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics's dividend payout ratio (DPR) is 38.89%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GD. Truist Financial Corp increased its position in General Dynamics by 0.5% during the second quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company's stock valued at $83,548,000 after acquiring an additional 1,370 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in shares of General Dynamics by 52.4% during the second quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company's stock valued at $2,678,000 after purchasing an additional 3,156 shares during the period. Los Angeles Capital Management LLC boosted its position in General Dynamics by 20.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company's stock valued at $87,246,000 after buying an additional 51,655 shares during the period. Silver Coast Investments LLC bought a new position in General Dynamics in the second quarter worth approximately $218,000. Finally, Alteri Wealth LLC lifted its holdings in shares of General Dynamics by 12.9% in the 2nd quarter. Alteri Wealth LLC now owns 2,086 shares of the aerospace company's stock worth $608,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.
Analyst Ratings Changes
GD has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of General Dynamics in a research note on Wednesday, October 8th. Wall Street Zen raised General Dynamics from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Melius Research upgraded General Dynamics to a "strong-buy" rating in a report on Tuesday, October 28th. UBS Group boosted their target price on General Dynamics from $369.00 to $381.00 and gave the company a "neutral" rating in a research note on Monday, October 27th. Finally, Morgan Stanley set a $385.00 price target on General Dynamics 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of "Moderate Buy" and an average target price of $358.25.
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General Dynamics Company Profile
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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.
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