iSAM Funds UK Ltd Invests $4.46 Million in General Dynamics Corporation $GD

iSAM Funds UK Ltd bought a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, HoldingsChannel reports. The fund bought 15,275 shares of the aerospace company’s stock, valued at approximately $4,455,000. General Dynamics comprises approximately 1.0% of iSAM Funds UK Ltd’s holdings, making the stock its 9th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in shares of General Dynamics by 80.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 49 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in General Dynamics during the first quarter worth $33,000. NewSquare Capital LLC raised its position 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 in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new stake in General Dynamics in the second quarter valued at $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 0.4%

Shares of GD opened at $335.96 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The stock has a market cap of $90.75 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The firm has a 50 day simple moving average of $341.34 and a 200-day simple moving average of $317.34.

General Dynamics (NYSE:GD) last announced its 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 firm had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent analyst reports. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research note on Monday, October 27th. The Goldman Sachs Group upped their target price 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. UBS Group increased their target price on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a report on Monday, October 27th. BNP Paribas Exane assumed coverage on General Dynamics in a research note on Tuesday, November 18th. They set an “outperform” rating and a $410.00 price target on the stock. Finally, Susquehanna raised their price objective on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.10.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

About General Dynamics

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.