The stock of General Dynamics Co. (GD) seems to be facing market-wide declines and fluctuations even as significant institutional investors purchase more shares. With an 82% company ownership by institutional shareholders, several firms such as Moment Partners LLC, AssuredPartners Investment Advisors LLC, Heritage Wealth Advisors, and more have injected cash into the company.
Moreover, General Dynamics recently secured a $1B defense contract to aid in the production of the next-gen Virginia-class submarines, strengthening its hold in the defense sector. On the downside, some investors, Howe & Rusling Inc. and Blair William & Co. IL among them, have lowered their stake in General Dynamics.
The company also declared an increased quarterly dividend of US$1.50 per share, attracting more investor attention. Despite the mixed market reaction, General Dynamics outperformed the industrial sector showing resilience against market fluctuations. The company recently reported strong Q4 2024 results and exceeded market returns. However, there's also growing concern over their decreasing returns on capital.
General Dynamics GD News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 29 Mar 2025 09:47:33 GMT - Rating 5 - Innovation 0 - Information 7 - Rumor -3
