Fifth Third Bancorp Cuts Stock Position in General Dynamics Corporation $GD

Fifth Third Bancorp lowered its stake in General Dynamics Corporation (NYSE:GD) by 5.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 226,599 shares of the aerospace company’s stock after selling 12,122 shares during the quarter. Fifth Third Bancorp’s holdings in General Dynamics were worth $77,270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Crowley Wealth Management Inc. lifted its stake in General Dynamics by 1.4% in the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock valued at $767,000 after buying an additional 30 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in shares of General Dynamics by 1.4% in the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after acquiring an additional 33 shares during the last quarter. Columbus Macro LLC increased its position in shares of General Dynamics by 0.4% during the third quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock worth $2,948,000 after purchasing an additional 33 shares in the last quarter. AGH Wealth Advisors LLC lifted its holdings in General Dynamics by 1.5% in the 3rd quarter. AGH Wealth Advisors LLC now owns 2,253 shares of the aerospace company’s stock valued at $768,000 after purchasing an additional 33 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in General Dynamics by 10.9% during the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In other General Dynamics news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 2.1%

NYSE:GD opened at $347.83 on Monday. General Dynamics Corporation has a 52 week low of $239.20 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 stock’s fifty day moving average is $350.49 and its two-hundred day moving average is $338.34. The stock has a market capitalization of $94.05 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.08 and a beta of 0.41.

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

General Dynamics Dividend Announcement

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

Analyst Ratings Changes

GD has been the topic of a number of recent research reports. Bank of America reissued a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research note on Friday, January 30th. UBS Group set a $393.00 price objective on shares of General Dynamics in a report on Thursday, January 29th. Morgan Stanley boosted their target price on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research note on Monday, October 27th. Finally, Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $375.47.

About General Dynamics

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.