Hennion & Walsh Asset Management Inc. Increases Position in General Dynamics Corporation $GD

Hennion & Walsh Asset Management Inc. increased its holdings in General Dynamics Corporation (NYSE:GD) by 76.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,166 shares of the aerospace company’s stock after acquiring an additional 6,158 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in General Dynamics were worth $4,831,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of General Dynamics during the third quarter worth approximately $26,000. Louisbourg Investments Inc. bought a new position in General Dynamics during the third quarter worth $27,000. Vermillion & White Wealth Management Group LLC increased its stake in General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in General Dynamics during the first quarter worth about $33,000. Finally, NewSquare Capital LLC lifted its holdings in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $360.51 on Wednesday. The stock has a market cap of $97.38 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.58 and a beta of 0.41. The firm’s 50-day simple moving average is $341.93 and its 200 day simple moving average is $326.91. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $361.94. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last announced 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 quarter in the prior year, the firm posted $3.35 EPS. General Dynamics’s revenue 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. Equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Argus increased their price target on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a report on Monday, October 27th. Finally, Melius Research raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.50.

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.