Tradewinds LLC. Makes New $645,000 Investment in General Dynamics Corporation $GD

Tradewinds LLC. acquired a new stake in General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,891 shares of the aerospace company’s stock, valued at approximately $645,000.

Several other hedge funds have also recently bought and sold shares of GD. Crowley Wealth Management Inc. increased its position in shares of General Dynamics by 1.4% during the third quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after acquiring an additional 30 shares in the last quarter. 1858 Wealth Management LLC boosted its stake in General Dynamics by 1.0% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 32 shares during the period. Nicholson Wealth Management Group LLC increased its holdings in General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after purchasing an additional 33 shares in the last quarter. Gilbert & Cook Inc. raised its stake in shares of General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after purchasing an additional 33 shares during the period. Finally, Columbus Macro LLC lifted its holdings in shares of General Dynamics by 0.4% in the third quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock valued at $2,948,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the sale, the vice president owned 36,644 shares in the company, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

General Dynamics Trading Down 0.4%

Shares of NYSE:GD opened at $367.25 on Monday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The company has a market capitalization of $99.20 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.62 and a beta of 0.41. The company has a 50-day simple moving average of $344.52 and a 200 day simple moving average of $330.88.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the prior year, the company earned $3.35 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, January 16th. General Dynamics’s payout ratio is currently 38.89%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GD. Argus lifted their target price on General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Bank of America increased their target price 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. Citigroup raised their target price on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, Susquehanna reiterated a “positive” rating and set a $420.00 target price on shares of General Dynamics in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $366.70.

General Dynamics 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.