General Dynamics Corporation $GD Stock: Vest Financial LLC Decreases Position

Vest Financial LLC lessened its holdings in shares of General Dynamics Corporation (NYSE:GD) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,492 shares of the aerospace company’s stock after selling 17,731 shares during the period. Vest Financial LLC’s holdings in General Dynamics were worth $43,965,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its holdings in General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Wellington Altus USA Inc. increased its holdings in shares of General Dynamics by 77.8% in the 2nd quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 35 shares in the last quarter. Downshift Financial LLC increased its holdings in shares of General Dynamics by 134.3% in the 3rd quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 47 shares in the last quarter. Paladin Partners LLC acquired a new stake in shares of General Dynamics in the second quarter valued at about $30,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of General Dynamics in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on GD shares. Morgan Stanley boosted their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. TD Cowen dropped their target price on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a report on Friday, October 9th. Wells Fargo & Company lifted their price target on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada reduced their price target on shares of General Dynamics from $410.00 to $360.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. Finally, Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $402.32.

General Dynamics Trading Up 0.2%

NYSE:GD opened at $345.21 on Thursday. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $355.48 and a 200-day simple moving average of $355.03. The company has a market capitalization of $93.40 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. During the same period in the prior year, the company earned $3.74 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s payout ratio is presently 38.80%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the sale, the director owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phebe Novakovic sold 51,568 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,188 shares of company stock valued at $38,627,265 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.