General Dynamics Corporation $GD Shares Bought by Quantinno Capital Management LP

by · The Cerbat Gem

Quantinno Capital Management LP increased its stake in General Dynamics Corporation (NYSE:GD – Free Report) by 41.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,334 shares of the aerospace company’s stock after buying an additional 46,608 shares during the quarter. Quantinno Capital Management LP’s holdings in General Dynamics were worth $46,763,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. 1858 Wealth Management LLC grew its holdings in General Dynamics by 1.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC boosted its position in General Dynamics by 0.5% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after buying an additional 33 shares during the last quarter. Gilbert & Cook Inc. grew its stake in shares of General Dynamics by 1.4% during the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after acquiring an additional 33 shares in the last quarter. Crewe Advisors LLC increased its position in shares of General Dynamics by 10.9% during the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after acquiring an additional 34 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock worth $658,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.3%

General Dynamics stock opened at $341.08 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. The company has a 50-day simple moving average of $341.23 and a 200-day simple moving average of $318.09. The firm has a market capitalization of $92.13 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.74 and a beta of 0.40.

General Dynamics (NYSE:GD – Get Free Report) last posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same period in the previous year, the business posted $3.35 EPS. 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. As a group, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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 given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is currently 38.89%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $385.00 price objective on General Dynamics in a research note on Monday, October 27th. The Goldman Sachs Group raised their price target on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Wednesday, October 8th. Bank of America raised their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.10.

Check Out Our Latest Stock Report on GD

About General Dynamics

(Free Report)

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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