General Dynamics Corporation $GD Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in General Dynamics Corporation (NYSE:GD) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 609,613 shares of the aerospace company’s stock after selling 6,689 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in General Dynamics were worth $205,232,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its stake 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 acquiring an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in General Dynamics in the 3rd quarter valued at $25,000. Dagco Inc. purchased a new position in General Dynamics in the 4th quarter valued at $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in General Dynamics in the 3rd quarter valued at $26,000. Finally, Burkett Financial Services LLC lifted its holdings in General Dynamics by 650.0% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GD. BNP Paribas Exane raised their price objective on General Dynamics from $410.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. UBS Group set a $393.00 price objective on General Dynamics in a report on Thursday, January 29th. Wells Fargo & Company began coverage on General Dynamics in a report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered General Dynamics from a “buy” rating to a “hold” rating and set a $387.00 price objective on the stock. in a report on Wednesday, April 8th. Finally, Citigroup decreased their price objective on General Dynamics from $389.00 to $380.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given 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 an average price target of $384.53.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction on 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 transaction, the chief executive officer owned 766,457 shares in the company, valued at $271,394,759.13. The trade was a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of General Dynamics stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,260 shares of company stock worth $18,133,971 in the last quarter. 1.40% of the stock is currently owned by insiders.

General Dynamics Stock Down 0.1%

NYSE GD opened at $334.78 on Monday. General Dynamics Corporation has a 52 week low of $262.84 and a 52 week high of $369.70. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $351.70 and its 200-day simple moving average is $347.22. The firm has a market cap of $90.67 billion, a PE ratio of 21.67, a P/E/G ratio of 2.24 and a beta of 0.38.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $13.77 billion. During the same quarter in the previous year, the firm earned $4.15 EPS. The company’s quarterly revenue 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. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

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

General Dynamics Company 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.