3,465 Shares in General Dynamics Corporation $GD Bought by NTV Asset Management LLC

NTV Asset Management LLC bought a new position in General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,465 shares of the aerospace company’s stock, valued at approximately $1,150,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Gibbs Wealth Management grew its holdings in General Dynamics by 4.7% during the third quarter. Gibbs Wealth Management now owns 1,675 shares of the aerospace company’s stock valued at $556,000 after purchasing an additional 75 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of General Dynamics by 0.5% in the third quarter. Wedbush Securities Inc. now owns 23,502 shares of the aerospace company’s stock valued at $7,799,000 after purchasing an additional 113 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of General Dynamics by 1.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 12,519 shares of the aerospace company’s stock worth $4,154,000 after buying an additional 145 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of General Dynamics by 233.9% during the 3rd quarter. Sterling Capital Management LLC now owns 15,381 shares of the aerospace company’s stock worth $5,104,000 after buying an additional 10,775 shares during the period. Finally, WASHINGTON TRUST Co boosted its holdings in shares of General Dynamics by 0.4% during the 3rd quarter. WASHINGTON TRUST Co now owns 8,338 shares of the aerospace company’s stock worth $2,767,000 after buying an additional 30 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GD. Susquehanna raised their target price on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Royal Bank Of Canada lowered their price target on General Dynamics from $410.00 to $360.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. Finally, BNP Paribas Exane lifted their price objective on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $402.32.

General Dynamics Price Performance

NYSE:GD opened at $349.29 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a fifty day moving average price of $353.71 and a 200 day moving average price of $355.02. The stock has a market cap of $94.50 billion, a P/E ratio of 21.31, a PEG ratio of 2.04 and a beta of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period last year, the business posted $3.74 EPS. The business’s quarterly 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. Analysts anticipate that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

Insider Buying and Selling

In related news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director directly owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marguerite Gilliland sold 43,180 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,188 shares of company stock valued at $38,627,265 over the last three months. 1.40% of the stock is owned by corporate insiders.

General Dynamics Profile

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.