Tritonpoint Wealth LLC Sells 2,544 Shares of General Dynamics Corporation $GD

Tritonpoint Wealth LLC lowered its position in General Dynamics Corporation (NYSE:GD) by 78.8% during the fourth quarter, Holdings Channel reports. The firm owned 685 shares of the aerospace company’s stock after selling 2,544 shares during the period. Tritonpoint Wealth LLC’s holdings in General Dynamics were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GD. Crowley Wealth Management Inc. raised its stake in General Dynamics by 1.4% during the third 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 boosted its position in General Dynamics by 2.6% during the third quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 30 shares during the last quarter. Worth Asset Management LLC grew its holdings in General Dynamics by 3.2% during the 4th quarter. Worth Asset Management LLC now owns 1,032 shares of the aerospace company’s stock worth $347,000 after acquiring an additional 32 shares during the period. Columbus Macro LLC grew its holdings in General Dynamics by 0.4% during the 3rd 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. Finally, AGH Wealth Advisors LLC raised its position in shares of General Dynamics by 1.5% in the 3rd 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 in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Up 0.1%

Shares of NYSE:GD opened at $349.33 on Friday. The business’s 50 day moving average is $352.90 and its 200 day moving average is $346.30. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The stock has a market cap of $94.61 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.08 and a beta of 0.38. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27.

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

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, April 10th. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio is 41.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GD. TD Cowen boosted their price objective on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Wolfe Research lifted their target price on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Wells Fargo & Company began coverage on General Dynamics in a research note on Wednesday. They issued an “overweight” rating and a $400.00 price target on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price target on shares of General Dynamics in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $384.42.

Insider Activity

In related news, EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the completion of the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $15,825,134.50. The trade was a 7.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,260 shares of company stock valued at $18,133,971 over the last ninety days. Company insiders own 1.50% of the company’s stock.

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.