Hancock Whitney Corp Buys 822 Shares of General Dynamics Co. (NYSE:GD)

25 Apr 2025, 09:48 by Renee Jackson · The Cerbat Gem

Hancock Whitney Corp increased its position in General Dynamics Co. (NYSE:GD – Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,456 shares of the aerospace company’s stock after acquiring an additional 822 shares during the quarter. Hancock Whitney Corp’s holdings in General Dynamics were worth $2,228,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Purus Wealth Management LLC boosted its stake in shares of General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after acquiring an additional 39 shares during the period. Armstrong Advisory Group Inc. boosted its stake in General Dynamics by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 40 shares during the period. Austin Wealth Management LLC grew its holdings in General Dynamics by 5.4% during the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock valued at $220,000 after buying an additional 42 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after buying an additional 43 shares during the last quarter. Finally, Stokes Family Office LLC lifted its holdings in shares of General Dynamics by 0.4% in the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock worth $2,708,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GD. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their target price on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. BTIG Research cut shares of General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Finally, William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $293.83.

View Our Latest Report on General Dynamics

Insider Buying and Selling

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares of the company’s stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

General Dynamics Trading Up 2.4 %

Shares of GD opened at $272.03 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm has a market capitalization of $73.01 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.69 and a beta of 0.43. The company has a 50-day moving average of $263.62 and a 200 day moving average of $272.30. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90.

General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, research analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a $1.50 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics’s payout ratio is presently 41.61%.

General Dynamics Company Profile

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