Cadence Bank Sells 14,332 Shares of General Dynamics Corporation $GD

Cadence Bank decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 37.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,424 shares of the aerospace company’s stock after selling 14,332 shares during the period. Cadence Bank’s holdings in General Dynamics were worth $8,223,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Brighton Jones LLC boosted its holdings in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares during the period. Acadian Asset Management LLC boosted its holdings in General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after purchasing an additional 2,011 shares during the period. Sivia Capital Partners LLC bought a new stake in General Dynamics in the 2nd quarter valued at about $240,000. Flow Traders U.S. LLC bought a new stake in General Dynamics in the 2nd quarter valued at about $352,000. Finally, Jump Financial LLC bought a new stake in General Dynamics in the 2nd quarter valued at about $1,284,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GD. Citigroup cut their price objective on shares of General Dynamics from $389.00 to $380.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Argus boosted their price objective on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Susquehanna reissued a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Tuesday, April 21st. Finally, Wolfe Research boosted their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $389.78.

Insider Activity at General Dynamics

In related news, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the transaction, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. This represents a 35.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction that occurred on 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 owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,260 shares of company stock valued at $18,133,971 in the last quarter. 1.40% of the stock is owned by company insiders.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $312.65 on Tuesday. The company has a 50 day moving average of $346.58 and a 200-day moving average of $346.38. General Dynamics Corporation has a 1-year low of $266.98 and a 1-year high of $369.70. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The company has a market cap of $84.68 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.09 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 for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. The company had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities research analysts forecast that General Dynamics Corporation will post 16.3 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business 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 represents a $6.36 dividend on an annualized basis and a yield of 2.0%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio is currently 41.17%.

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.