Spire Wealth Management Has $2.40 Million Stock Holdings in General Dynamics Corporation $GD

Spire Wealth Management boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 26.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,137 shares of the aerospace company’s stock after acquiring an additional 1,507 shares during the quarter. Spire Wealth Management’s holdings in General Dynamics were worth $2,403,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GD. 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 during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in General Dynamics during the 3rd quarter worth $25,000. Dagco Inc. bought a new position in General Dynamics during the 4th quarter worth $25,000. Halbert Hargrove Global Advisors LLC acquired a new position in General Dynamics during the 3rd quarter worth about $26,000. Finally, Burkett Financial Services LLC grew its position in shares of General Dynamics by 650.0% in the 3rd 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 last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.0%

NYSE:GD opened at $346.80 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The company has a market cap of $93.77 billion, a PE ratio of 22.45, a PEG ratio of 2.06 and a beta of 0.39. The firm has a 50-day moving average of $354.65 and a 200-day moving average of $345.76.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, topping 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 firm 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. The company’s quarterly 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 research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, April 10th. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio (DPR) is presently 41.17%.

Insiders Place Their Bets

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction on Friday, February 13th. The stock was 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 in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the stock in a transaction 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 owned 38,975 shares in the company, valued at approximately $13,834,176.25. This represents a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 51,260 shares of company stock valued at $18,133,971. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 target price on shares of General Dynamics in a report on Monday, January 12th. JPMorgan Chase & Co. increased their target price on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Citigroup raised their price target on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Wolfe Research upped their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $376.26.

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.