Symmetry Partners LLC Acquires Shares of 795 General Dynamics Corporation $GD

Symmetry Partners LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 795 shares of the aerospace company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salvus Wealth Management LLC boosted its holdings in shares of General Dynamics by 2.9% in the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock valued at $372,000 after buying an additional 36 shares in the last quarter. Principal Securities Inc. increased its position in shares of General Dynamics by 0.5% during the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock worth $2,161,000 after purchasing an additional 37 shares in the last quarter. Sharpepoint LLC lifted its holdings in shares of General Dynamics by 4.2% during the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 37 shares during the last quarter. United Asset Strategies Inc. increased its position in General Dynamics by 1.2% during the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company’s stock valued at $856,000 after buying an additional 37 shares in the last quarter. Finally, Southland Equity Partners LLC boosted its holdings in General Dynamics by 3.2% in the second quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company’s stock worth $346,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

NYSE:GD opened at $330.54 on Friday. The stock has a market capitalization of $88.91 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.03 and a beta of 0.50. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $330.63. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $318.73 and its 200-day moving average price is $291.70.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the previous year, the business earned $3.26 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio is currently 40.27%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and lifted their target price for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Robert W. Baird lifted their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Finally, Susquehanna lifted their price objective on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Hold” and an average price target of $315.78.

Insider Activity

In related news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,020 shares of company stock worth $86,414,503. Company insiders own 1.50% of the company’s stock.

About General Dynamics

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.