Randolph Co Inc Acquires New Stake in General Dynamics Corporation $GD

Randolph Co Inc acquired a new stake in shares of General Dynamics Corporation (NYSE:GD) during the third quarter, Holdings Channel reports. The firm acquired 123,192 shares of the aerospace company’s stock, valued at approximately $40,879,000. General Dynamics comprises 3.2% of Randolph Co Inc’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds have also made changes to their positions in the company. Argyle Capital Partners LLC increased its position in shares of General Dynamics by 1.5% during the 3rd quarter. Argyle Capital Partners LLC now owns 2,048 shares of the aerospace company’s stock valued at $680,000 after purchasing an additional 31 shares during the period. Signaturefd LLC lifted its holdings in shares of General Dynamics by 0.6% in the third quarter. Signaturefd LLC now owns 6,401 shares of the aerospace company’s stock valued at $2,124,000 after buying an additional 38 shares during the period. BG Investment Services LLC acquired a new stake in shares of General Dynamics in the third quarter valued at $1,592,000. Citizens Financial Group Inc. RI lifted its holdings in shares of General Dynamics by 58.2% in the third quarter. Citizens Financial Group Inc. RI now owns 12,393 shares of the aerospace company’s stock valued at $4,112,000 after buying an additional 4,561 shares during the period. Finally, NTV Asset Management LLC bought a new position in General Dynamics during the third quarter valued at about $1,150,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen lowered their target price on General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. BNP Paribas Exane raised their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Morgan Stanley boosted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One investment 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, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $402.32.

General Dynamics Stock Performance

GD opened at $349.29 on Monday. The firm has a market cap of $94.50 billion, a PE ratio of 21.31, a P/E/G ratio of 2.04 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $353.71 and a 200-day simple moving average of $355.02. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Activity at General Dynamics

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

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.