WASHINGTON TRUST Co Purchases 7,716 Shares of General Dynamics Corporation $GD

WASHINGTON TRUST Co lifted its stake in General Dynamics Corporation (NYSE:GD) by 453.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,418 shares of the aerospace company’s stock after buying an additional 7,716 shares during the period. WASHINGTON TRUST Co’s holdings in General Dynamics were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Dunhill Financial LLC raised its position in General Dynamics by 620.0% in the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in General Dynamics in the third quarter valued at about $26,000. Louisbourg Investments Inc. acquired a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new stake in General Dynamics in the third quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of General Dynamics by 80.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GD has been the subject of a number of recent research reports. Bank of America restated a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research note on Friday, January 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a report on Monday, January 12th. JPMorgan Chase & Co. boosted their target price on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Wolfe Research increased their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, Susquehanna reiterated a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.26.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $356.89 on Monday. 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 12-month low of $239.20 and a 12-month high of $369.70. The company’s 50 day moving average price is $352.76 and its two-hundred day moving average price is $340.88. The firm has a market cap of $96.50 billion, a PE ratio of 23.10, a PEG ratio of 2.13 and a beta of 0.39.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 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 company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter last year, the business earned $4.15 earnings per share. General Dynamics’s revenue was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is currently 38.83%.

Insider Buying and Selling at General Dynamics

In other news, VP Mark Rayha sold 4,370 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, the vice president directly owned 7,936 shares in the company, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on 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 sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.50% of the company’s stock.

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.