Retirement Planning Group LLC boosted its position in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 3,203.3% in the third quarter, HoldingsChannel.com reports. The fund owned 78,817 shares of the aerospace company’s stock after purchasing an additional 76,431 shares during the period. General Dynamics accounts for 0.6% of Retirement Planning Group LLC’s holdings, making the stock its 23rd largest position. Retirement Planning Group LLC’s holdings in General Dynamics were worth $26,154,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GD. BlackRock Inc. purchased a new stake in General Dynamics during the second quarter worth about $6,840,590,000. Bank of America Corp DE acquired a new stake in shares of General Dynamics during the second quarter worth about $2,603,527,000. Corient Private Wealth LP acquired a new stake in shares of General Dynamics during the second quarter worth about $57,986,000. Bank of New York Mellon Corp acquired a new stake in shares of General Dynamics during the second quarter worth about $429,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of General Dynamics in the second quarter valued at approximately $224,983,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
General Dynamics Trading Down 0.7%
GD opened at $341.77 on Tuesday. The business has a fifty day moving average price of $357.41 and a 200 day moving average price of $355.10. 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 12 month low of $306.77 and a 12 month high of $400.00. The stock has a market capitalization of $92.47 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.99 and a beta of 0.33.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.98 earnings per share for the current fiscal year.
General Dynamics Announces Dividend
The company 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 dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on GD shares. Citigroup dropped their price objective on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. TD Cowen cut their target price on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. UBS Group increased their target price on shares of General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a report on Tuesday, September 8th. Sanford C. Bernstein decreased their price target on shares of General Dynamics from $407.00 to $365.00 and set a “market perform” rating for the company in a research report on Wednesday, October 14th. Finally, Wells Fargo & Company raised 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.32.
Get Our Latest Report on General Dynamics
Insider Activity at General Dynamics
In related news, EVP Marguerite Gilliland sold 43,180 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on 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 completion of the transaction, 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 position. 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 90 days. 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.
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