General Dynamics Corporation $GD Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of General Dynamics Corporation (NYSE:GD) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657,646 shares of the aerospace company’s stock after selling 32,900 shares during the quarter. Swiss National Bank owned about 0.24% of General Dynamics worth $224,257,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. WASHINGTON TRUST Co lifted its stake in shares of General Dynamics by 453.3% in the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after acquiring an additional 7,716 shares during the period. Gold Investment Management Ltd. increased its stake in shares of General Dynamics by 73.5% during the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after acquiring an additional 4,532 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of General Dynamics by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after acquiring an additional 32,262 shares during the period. Davis Capital Management purchased a new position in General Dynamics during the third quarter worth about $1,007,000. Finally, Rockland Trust Co. lifted its position in General Dynamics by 703.4% in the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after purchasing an additional 9,235 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Mark Rayha sold 4,370 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, the vice president directly owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated 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 owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. raised their price target on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Argus lifted their price target on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wolfe Research upped their price objective on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, UBS Group set a $393.00 price objective on General Dynamics in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $376.26.

General Dynamics Price Performance

GD stock opened at $362.63 on Tuesday. The firm has a 50 day moving average of $355.16 and a 200-day moving average of $342.91. The company has a market cap of $98.05 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.17 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70.

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

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.8%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Friday, April 10th. General Dynamics’s dividend payout ratio is currently 38.83%.

General Dynamics 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.