Old North State Wealth Management LLC Invests $906,000 in General Dynamics Corporation $GD

Old North State Wealth Management LLC purchased a new position in General Dynamics Corporation (NYSE:GD) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,690 shares of the aerospace company’s stock, valued at approximately $906,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dunhill Financial LLC grew its stake in shares of General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of General Dynamics in the third quarter worth $25,000. Dagco Inc. bought a new position in shares of General Dynamics in the fourth quarter worth $25,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter valued at $26,000. Finally, Burkett Financial Services LLC lifted its holdings in shares of General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after buying an additional 65 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley upped their price objective on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a report on Monday, January 12th. TD Cowen upped their price objective on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Thursday, January 22nd. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $384.53.

Insiders Place Their Bets

In related news, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total value of $11,655,934.62. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,260 shares of company stock valued at $18,133,971 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 0.1%

Shares of NYSE GD opened at $334.78 on Monday. General Dynamics Corporation has a 12 month low of $262.84 and a 12 month high of $369.70. The company has a market cap of $90.67 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.24 and a beta of 0.38. 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 has a fifty day simple moving average of $351.70 and a 200-day simple moving average of $347.22.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $13.77 billion. During the same period in the prior year, the business posted $4.15 earnings per share. General Dynamics’s 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. Sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 1.9%. 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.