Ticino Wealth Makes New $800,000 Investment in General Dynamics Corporation $GD

Ticino Wealth purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,375 shares of the aerospace company’s stock, valued at approximately $800,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dunhill Financial LLC boosted its position in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in General Dynamics in the third quarter worth approximately $25,000. Dagco Inc. purchased a new stake in General Dynamics during the 4th quarter valued at $25,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of General Dynamics in the third quarter worth $26,000. Finally, Burkett Financial Services LLC boosted its position in General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GD. Argus boosted their price target on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Bank of America reiterated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Friday, January 30th. BNP Paribas Exane boosted their target price on shares of General Dynamics from $410.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Morgan Stanley upped their target price on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, Wells Fargo & Company started coverage on shares of General Dynamics in a research note on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $384.53.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,918 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 51,260 shares of company stock valued at $18,133,971. Insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD opened at $328.55 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. General Dynamics Corporation has a 1 year low of $262.84 and a 1 year high of $369.70. The firm has a fifty day moving average price of $349.61 and a 200-day moving average price of $347.31. The stock has a market cap of $88.99 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.24 and a beta of 0.38.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business had revenue of $14.38 billion during the quarter, compared to analyst estimates of $13.77 billion. During the same quarter in the prior year, the business posted $4.15 EPS. General Dynamics’s revenue for the quarter 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. Equities analysts anticipate that General Dynamics Corporation will post 16.3 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 1.9%. General Dynamics’s dividend payout ratio is 41.17%.

General Dynamics 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.