Assetmark Inc. Boosts Stock Position in General Dynamics Corporation $GD

Key Points

• Assetmark Inc. increased its stake in General Dynamics by 21.5% in Q4 to 112,623 shares, worth about $37.9 million after adding 19,945 shares.
• CEO Phebe N. Novakovic sold 32,918 shares at an average price of $354.09 (~$11.66M) and insiders have sold 51,260 shares worth $18.13M in the past 90 days, leaving insiders with 1.4% ownership.
• Analysts rate GD an average of "Moderate Buy" with an average price target of $384.53, after recent target increases from firms like TD Cowen and Morgan Stanley.

Assetmark Inc. boosted its position in General Dynamics Corporation (NYSE:GD - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,623 shares of the aerospace company's stock after buying an additional 19,945 shares during the period. Assetmark Inc.'s holdings in General Dynamics were worth $37,915,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC grew its position in General Dynamics by 620.0% in the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company's stock valued at $25,000 after buying an additional 62 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $25,000. Dagco Inc. acquired a new stake in shares of General Dynamics in the 4th quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $26,000. Finally, Burkett Financial Services LLC lifted its holdings in shares of General Dynamics by 650.0% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company's stock valued at $26,000 after buying an additional 65 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. TD Cowen raised their price target on General Dynamics from $370.00 to $390.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. Morgan Stanley raised their price target on General Dynamics from $408.00 to $410.00 and gave the company an "overweight" rating in a report on Thursday, January 29th. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 price target on shares of General Dynamics in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft downgraded General Dynamics from a "buy" rating to a "hold" rating and set a $387.00 price objective for the company. in a research note on Wednesday, April 8th. Finally, UBS Group set a $393.00 price objective on General Dynamics in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $384.53.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,918 shares of the stock in a transaction 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the completion of the transaction, the executive vice president directly owned 44,767 shares in the company, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,260 shares of company stock worth $18,133,971 over the last ninety days. 1.40% of the stock is owned by insiders.

General Dynamics Price Performance

Shares of NYSE:GD opened at $339.93 on Wednesday. General Dynamics Corporation has a one year low of $262.84 and a one year high of $369.70. The business's fifty day moving average price is $351.27 and its two-hundred day moving average price is $347.40. 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 stock has a market cap of $92.07 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data 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. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business had revenue of $14.38 billion for the quarter, compared to analysts' expectations of $13.77 billion. During the same quarter last year, the firm earned $4.15 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be issued a $1.59 dividend. The ex-dividend date is Friday, April 10th. This is an increase from General Dynamics's previous quarterly dividend of $1.50. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. General Dynamics's payout ratio is 41.17%.

General Dynamics Company 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.

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