Verdence Capital Advisors LLC Has $2.45 Million Stock Holdings in General Dynamics Corporation $GD

Verdence Capital Advisors LLC lifted its holdings in General Dynamics Corporation (NYSE:GD) by 0.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,388 shares of the aerospace company’s stock after acquiring an additional 65 shares during the quarter. Verdence Capital Advisors LLC’s holdings in General Dynamics were worth $2,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics in the first quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of General Dynamics in the first quarter worth $27,000. Quarry LP boosted its position in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares during the period. Abound Financial LLC acquired a new stake in shares of General Dynamics in the first quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in shares of General Dynamics in the first quarter worth $33,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday. UBS Group lifted their price objective on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Wolfe Research lifted their price objective on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $324.11.

Insider Transactions at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the sale, the chief executive officer owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,020 shares of company stock worth $86,414,503. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $333.03 on Monday. The stock has a market capitalization of $89.58 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.05 and a beta of 0.47. The business has a 50-day moving average of $324.93 and a two-hundred day moving average of $297.14. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

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

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

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.