Inlet Private Wealth LLC Takes $1.38 Million Position in General Dynamics Corporation $GD

Inlet Private Wealth LLC purchased a new position in shares of General Dynamics Corporation (NYSE:GD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,089 shares of the aerospace company’s stock, valued at approximately $1,377,000.

Other hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its position in shares of General Dynamics by 453.3% in the third quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock valued at $3,212,000 after buying an additional 7,716 shares during the last quarter. Rockland Trust Co. raised its position in shares of 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 buying an additional 9,235 shares during the last quarter. Gold Investment Management Ltd. raised its position in shares of General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after buying an additional 4,532 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of General Dynamics by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock valued at $312,842,000 after buying an additional 32,262 shares during the last quarter. Finally, Davis Capital Management acquired a new stake in shares of General Dynamics in the third quarter valued at about $1,007,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

General Dynamics stock opened at $351.22 on Tuesday. 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 $95.13 billion, a P/E ratio of 22.73, a PEG ratio of 2.08 and a beta of 0.38. The company has a 50-day moving average price of $352.65 and a 200 day moving average price of $346.64. 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 (NYSE:GD) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.06. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The firm had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. During the same period last year, the business earned $4.15 earnings per share. General Dynamics’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. Sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed 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 is Friday, April 10th. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 38.83%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GD. 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. Susquehanna reiterated a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a research report on Thursday, January 15th. Citigroup reduced their target price on shares of General Dynamics from $389.00 to $380.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. TD Cowen increased their target price on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company assumed coverage on shares of General Dynamics in a research report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $384.42.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 10,153 shares of the 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 completion of the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,834,176.25. This trade represents a 20.67% 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 Marguerite Amy Gilliland sold 3,819 shares of the 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 transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. This trade represents a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,260 shares of company stock worth $18,133,971. 1.50% of the stock is owned by corporate insiders.

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.