Jain Global LLC Has $57.73 Million Holdings in General Dynamics Corporation $GD

Jain Global LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 97.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,305 shares of the aerospace company’s stock after acquiring an additional 83,692 shares during the period. General Dynamics comprises approximately 0.3% of Jain Global LLC’s holdings, making the stock its 10th largest holding. Jain Global LLC owned about 0.06% of General Dynamics worth $57,733,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. lifted its position in shares of General Dynamics by 1.4% in the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after buying an additional 30 shares during the last quarter. First Financial Bankshares Inc grew its position in shares of General Dynamics by 2.6% during the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock valued at $408,000 after buying an additional 30 shares during the last quarter. Columbus Macro LLC raised its stake in 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 acquiring an additional 33 shares during the period. AGH Wealth Advisors LLC lifted its holdings in General Dynamics by 1.5% in the third quarter. AGH Wealth Advisors LLC now owns 2,253 shares of the aerospace company’s stock worth $768,000 after acquiring an additional 33 shares during the last quarter. Finally, Cozad Asset Management Inc. boosted its stake in General Dynamics by 3.9% in the third quarter. Cozad Asset Management Inc. now owns 914 shares of the aerospace company’s stock valued at $312,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the transaction, the executive vice president owned 44,767 shares in the company, valued at $15,825,134.50. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total value of $3,603,807.35. Following the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,834,176.25. The trade was a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 71,620 shares of company stock valued at $24,952,942. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Susquehanna reaffirmed a “positive” rating and set a $420.00 target price on shares of General Dynamics in a report on Thursday, January 15th. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price objective on shares of General Dynamics in a research report on Monday, January 12th. TD Cowen upped their price objective on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Morgan Stanley raised their target price on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group boosted their price target on shares of General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a report on Sunday, February 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $376.26.

General Dynamics Trading Down 1.1%

NYSE:GD opened at $351.30 on Monday. The stock has a market cap of $94.99 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.10 and a beta of 0.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The business has a fifty day moving average of $356.36 and a 200-day moving average of $343.82.

General Dynamics (NYSE:GD) last issued 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 business had revenue of $14.38 billion for 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 company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities analysts predict 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. Shareholders of record on Friday, April 10th will be given a dividend of $1.59 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio 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.