General Dynamics Corporation $GD Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its stake in General Dynamics Corporation (NYSE:GD) by 85.9% in the third quarter, HoldingsChannel.com reports. The fund owned 3,361 shares of the aerospace company’s stock after buying an additional 1,553 shares during the quarter. Smartleaf Asset Management LLC’s holdings in General Dynamics were worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GD. Halbert Hargrove Global Advisors LLC bought a new position in shares of General Dynamics during the third quarter worth about $26,000. Louisbourg Investments Inc. acquired a new position in General Dynamics during the 3rd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC grew its position in General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares during the last quarter. NewSquare Capital LLC increased its stake in shares of General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Finally, Harbor Asset Planning Inc. bought a new stake in shares of General Dynamics during the second quarter valued at approximately $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GD. Susquehanna reissued a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. BNP Paribas Exane cut their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Morgan Stanley increased their target price on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, TD Cowen boosted their price target on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $375.47.

General Dynamics Stock Performance

Shares of GD opened at $360.34 on Tuesday. The stock has a market capitalization of $97.43 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.15 and a beta of 0.41. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The firm’s 50 day moving average is $349.65 and its 200-day moving average is $337.35.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.06. The company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.83%.

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.