General Dynamics Corporation $GD Stock Position Decreased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its position in shares of General Dynamics Corporation (NYSE:GD) by 73.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 949 shares of the aerospace company’s stock after selling 2,619 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in General Dynamics were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First Citizens Bank & Trust Co. increased its stake in shares of General Dynamics by 225.9% in the third quarter. First Citizens Bank & Trust Co. now owns 4,843 shares of the aerospace company’s stock worth $1,607,000 after purchasing an additional 3,357 shares during the period. Focus Financial Network Inc. boosted its stake in General Dynamics by 58.2% during the 3rd quarter. Focus Financial Network Inc. now owns 981 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 361 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in General Dynamics by 40.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,495 shares of the aerospace company’s stock valued at $1,160,000 after purchasing an additional 1,009 shares during the period. Krilogy Financial LLC grew its holdings in General Dynamics by 85.8% in the 3rd quarter. Krilogy Financial LLC now owns 6,206 shares of the aerospace company’s stock valued at $2,082,000 after buying an additional 2,866 shares during the last quarter. Finally, Courier Capital LLC grew its holdings in General Dynamics by 98.1% in the 3rd quarter. Courier Capital LLC now owns 13,058 shares of the aerospace company’s stock valued at $4,333,000 after buying an additional 6,467 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

General Dynamics stock traded up $2.50 during trading hours on Wednesday, hitting $334.92. The stock had a trading volume of 358,057 shares, compared to its average volume of 1,295,960. The company has a 50-day moving average of $361.42 and a two-hundred day moving average of $355.30. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The company has a market cap of $90.62 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.94 and a beta of 0.33.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities research analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is 38.80%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Sanford C. Bernstein dropped their price target on General Dynamics from $407.00 to $365.00 and set a “market perform” rating on the stock in a research report on Wednesday. TD Cowen reduced their price objective on General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group raised their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average target price of $404.95.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the sale, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,188 shares of company stock valued at $38,627,265 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.