Machina Capital S.A.S. Boosts Holdings in General Dynamics Corporation $GD

Machina Capital S.A.S. grew its stake in General Dynamics Corporation (NYSE:GD) by 62.3% during the 3rd quarter, Holdings Channel reports. The firm owned 14,741 shares of the aerospace company’s stock after purchasing an additional 5,660 shares during the quarter. General Dynamics makes up approximately 0.9% of Machina Capital S.A.S.’s investment portfolio, making the stock its 22nd largest position. Machina Capital S.A.S.’s holdings in General Dynamics were worth $5,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Gold Investment Management Ltd. grew its position in General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after acquiring an additional 4,532 shares during the period. Davis Capital Management acquired a new position in shares of General Dynamics in the 3rd quarter valued at $1,007,000. Los Angeles Capital Management LLC grew its holdings in shares of General Dynamics by 20.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock worth $87,246,000 after purchasing an additional 51,655 shares during the period. Nomura Holdings Inc. increased its position in shares of General Dynamics by 77.3% during the 2nd quarter. Nomura Holdings Inc. now owns 22,000 shares of the aerospace company’s stock worth $6,417,000 after purchasing an additional 9,592 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in General Dynamics by 32.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 28,782 shares of the aerospace company’s stock valued at $9,815,000 after buying an additional 7,037 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction dated 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 transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $355.36 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70. The firm has a market cap of $96.08 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41. The company’s 50 day moving average is $348.22 and its two-hundred day moving average is $335.94.

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

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders 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 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 38.83%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wolfe Research increased their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. BNP Paribas Exane decreased their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. TD Cowen lifted their target price on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.47.

About General Dynamics

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.