General Dynamics Corporation (NYSE:GD) Short Interest Update

General Dynamics Corporation (NYSE:GD) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 3,074,688 shares, a growth of 22.7% from the December 15th total of 2,505,676 shares. Based on an average trading volume of 983,495 shares, the short-interest ratio is presently 3.1 days. Approximately 1.2% of the shares of the stock are short sold. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 983,495 shares, the short-interest ratio is presently 3.1 days.

Insider Transactions at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the transaction, the vice president owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GD. Perigon Wealth Management LLC increased its stake in shares of General Dynamics by 8.8% during the fourth quarter. Perigon Wealth Management LLC now owns 8,545 shares of the aerospace company’s stock valued at $2,877,000 after buying an additional 692 shares during the period. Balboa Wealth Partners boosted its holdings in General Dynamics by 4.7% in the fourth quarter. Balboa Wealth Partners now owns 1,831 shares of the aerospace company’s stock valued at $616,000 after acquiring an additional 83 shares in the last quarter. BridgePort Financial Solutions LLC increased its position in General Dynamics by 6.6% during the 4th quarter. BridgePort Financial Solutions LLC now owns 906 shares of the aerospace company’s stock valued at $305,000 after purchasing an additional 56 shares during the period. Dorato Capital Management bought a new position in General Dynamics in the 4th quarter worth $2,319,000. Finally, Earned Wealth Advisors LLC lifted its position in shares of General Dynamics by 33.6% in the 4th quarter. Earned Wealth Advisors LLC now owns 1,487 shares of the aerospace company’s stock worth $501,000 after purchasing an additional 374 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.4%

Shares of NYSE:GD traded down $1.44 during trading on Monday, reaching $367.25. 1,902,747 shares of the company traded hands, compared to its average volume of 1,176,727. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics has a 52-week low of $239.20 and a 52-week high of $369.70. The firm has a market capitalization of $99.20 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 1.63 and a beta of 0.41. The business’s fifty day moving average is $344.87 and its 200-day moving average is $331.40.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The company had revenue of $12.91 billion during 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%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, analysts forecast that General Dynamics will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a dividend yield of 1.6%. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GD shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a report on Monday, January 12th. The Goldman Sachs Group upped their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Argus lifted their price target on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $366.70.

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.