Peoples Bank KS Reduces Holdings in General Dynamics Corporation $GD

Peoples Bank KS lessened its holdings in General Dynamics Corporation (NYSE:GD) by 31.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,120 shares of the aerospace company’s stock after selling 2,347 shares during the period. General Dynamics accounts for approximately 1.7% of Peoples Bank KS’s portfolio, making the stock its 16th largest holding. Peoples Bank KS’s holdings in General Dynamics were worth $1,746,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. 1858 Wealth Management LLC lifted 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 valued at $950,000 after buying an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC increased its position 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. grew its holdings 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 worth $697,000 after buying an additional 33 shares in the last quarter. Crewe Advisors LLC raised its holdings in General Dynamics by 10.9% in the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $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% during the 2nd quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock worth $658,000 after purchasing an additional 34 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Down 0.3%

NYSE GD opened at $336.44 on Thursday. 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’s 50 day moving average price is $340.67 and its 200 day moving average price is $320.11. The firm has a market capitalization of $90.88 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.68 and a beta of 0.40.

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, topping the consensus estimate 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 business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

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 paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics’s payout ratio is currently 38.89%.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of recent analyst reports. Citigroup started coverage on General Dynamics in a research report on Thursday, December 11th. They issued a “neutral” rating and a $371.00 price objective for the company. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Monday, October 27th. Bank of America raised their target price on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research report on Monday, October 27th. Finally, Argus lifted their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $358.25.

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.