Universal Beteiligungs und Servicegesellschaft mbH grew its position in General Dynamics Corporation (NYSE:GD – Free Report) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,005 shares of the aerospace company’s stock after buying an additional 3,363 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in General Dynamics were worth $10,287,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. WASHINGTON TRUST Co raised its holdings in General Dynamics by 453.3% during the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after purchasing an additional 7,716 shares during the last quarter. Rockland Trust Co. boosted its stake in shares of General Dynamics by 703.4% in the 3rd quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after purchasing an additional 9,235 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of General Dynamics by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after buying an additional 32,262 shares during the period. Gold Investment Management Ltd. raised its stake in shares of General Dynamics by 73.5% during the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after buying an additional 4,532 shares during the last quarter. Finally, Davis Capital Management bought a new stake in shares of General Dynamics during the third quarter worth approximately $1,007,000. Institutional investors own 86.14% of the company’s stock.
Analyst Upgrades and Downgrades
GD has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Wolfe Research upped their target price on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Susquehanna restated a “positive” rating and issued a $420.00 price target on shares of General Dynamics in a research report on Thursday, January 15th. UBS Group set a $393.00 price objective on General Dynamics in a research note on Thursday, January 29th. Finally, Bank of America reissued a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $389.78.
Insiders Place Their Bets
In other news, EVP Mark Lagrand Burns sold 10,153 shares of General Dynamics stock in a transaction dated 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 transaction, the executive vice president owned 38,975 shares in the company, valued at $13,834,176.25. The trade was a 20.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at $271,394,759.13. This represents a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 51,260 shares of company stock valued at $18,133,971 in the last three months. Insiders own 1.40% of the company’s stock.
General Dynamics Stock Up 0.0%
Shares of NYSE:GD opened at $313.31 on Monday. The company has a 50 day moving average price of $347.28 and a two-hundred day moving average price of $346.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The company has a market capitalization of $84.86 billion, a PE ratio of 20.28, a PEG ratio of 2.09 and a beta of 0.38. General Dynamics Corporation has a 52 week low of $266.98 and a 52 week high of $369.70.
General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same period last year, the firm posted $4.15 earnings per share. The business’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. Analysts forecast that General Dynamics Corporation will post 16.3 earnings per share for the current year.
General Dynamics Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be issued a dividend of $1.59 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, April 10th. General Dynamics’s dividend payout ratio is presently 41.17%.
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.
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