Penserra Capital Management LLC Has $123.05 Million Holdings in General Dynamics Corporation $GD

Penserra Capital Management LLC lowered its holdings in General Dynamics Corporation (NYSE:GD) by 11.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 360,839 shares of the aerospace company’s stock after selling 45,695 shares during the quarter. General Dynamics makes up about 1.5% of Penserra Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Penserra Capital Management LLC’s holdings in General Dynamics were worth $123,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of General Dynamics during the third quarter valued at approximately $26,000. Louisbourg Investments Inc. acquired a new stake in shares of General Dynamics during the 3rd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of General Dynamics by 80.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares during the last quarter. NewSquare Capital LLC raised its holdings in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. Finally, Financial Consulate Inc. bought a new position in shares of General Dynamics in the 3rd quarter valued at approximately $40,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup raised their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Bank of America reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Friday, January 30th. Finally, Susquehanna restated a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.47.

Insider Transactions at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $355.36 on Wednesday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The business has a 50-day moving average of $348.22 and a 200-day moving average of $335.94. The stock has a market capitalization of $96.08 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 2.07 and a beta of 0.41.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.06. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period in the prior year, the firm posted $4.15 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be given a $1.50 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is presently 38.83%.

General Dynamics Company 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.