General Dynamics Corporation (GD) To Go Ex-Dividend on April 10th

General Dynamics Corporation (NYSE:GD) declared a quarterly dividend on Wednesday, March 4th. Investors of record on Friday, April 10th will be paid a dividend of 1.59 per share by the aerospace company on Friday, May 8th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, April 10th. This is a 6.0% increase from General Dynamics’s previous quarterly dividend of $1.50.

General Dynamics has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 34 years. General Dynamics has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect General Dynamics to earn $17.14 per share next year, which means the company should continue to be able to cover its $6.36 annual dividend with an expected future payout ratio of 37.1%.

General Dynamics Stock Down 0.6%

GD opened at $346.42 on Wednesday. The business’s fifty day simple moving average is $352.27 and its 200 day simple moving average is $346.80. General Dynamics has a 52 week low of $249.92 and a 52 week high of $369.70. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The stock has a market cap of $93.83 billion, a PE ratio of 22.38, a P/E/G ratio of 2.08 and a beta of 0.38.

General Dynamics (NYSE:GD) last issued its quarterly earnings results 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. The firm 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%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, research analysts expect that General Dynamics will post 14.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Mark Rayha sold 4,370 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the sale, the vice president owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lagrand Burns sold 10,153 shares of General Dynamics stock in a transaction on Wednesday, March 11th. The stock was 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 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 51,260 shares of company stock worth $18,133,971. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Dynamics

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in General Dynamics by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after purchasing an additional 528,769 shares during the last quarter. State Street Corp increased its stake in shares of General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after buying an additional 294,456 shares during the period. Geode Capital Management LLC raised its holdings in shares of General Dynamics by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after acquiring an additional 195,604 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in General Dynamics by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after acquiring an additional 114,647 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in General Dynamics by 5.4% in the third quarter. Ameriprise Financial Inc. now owns 3,627,155 shares of the aerospace company’s stock valued at $1,236,900,000 after acquiring an additional 187,435 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

About General Dynamics

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.