Cadence Bank Has $8.22 Million Stake in General Dynamics Corporation $GD

Key Points

• Cadence Bank trimmed its stake in General Dynamics by 37% in Q4, selling 14,332 shares and leaving a holding of 24,424 shares valued at $8.22 million.
• Wall Street sentiment is broadly positive with several price-target increases and an average consensus rating of "Moderate Buy" and an average target of $389.78.
• General Dynamics beat quarterly estimates (EPS $4.17 vs. $4.11; revenue $14.38B, up 7.8%), set FY2026 guidance at EPS 16.100–16.200, and raised its quarterly dividend to $1.59 (2.0% yield).

Cadence Bank trimmed its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. Brighton Jones LLC raised its holdings in shares of General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after acquiring an additional 417 shares during the period. Acadian Asset Management LLC raised its holdings in shares of General Dynamics by 140.2% during the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company's stock worth $938,000 after acquiring an additional 2,011 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of General Dynamics during the second quarter worth $240,000. Flow Traders U.S. LLC acquired a new stake in shares of General Dynamics during the second quarter worth $352,000. Finally, Jump Financial LLC acquired a new stake in shares of General Dynamics during the second quarter worth $1,284,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GD shares. Morgan Stanley raised their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the stock an "overweight" rating in a report on Thursday, January 29th. BNP Paribas Exane lifted their price target on shares of General Dynamics from $410.00 to $430.00 and gave the company an "outperform" rating in a research note on Tuesday, April 7th. Argus lifted their price target on shares of General Dynamics from $380.00 to $395.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price target on shares of General Dynamics in a research note on Monday, January 12th. Finally, Wells Fargo & Company assumed coverage on shares of General Dynamics in a research note on Wednesday, April 1st. They issued an "overweight" rating and a $400.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $389.78.

General Dynamics Stock Down 0.2%

General Dynamics stock opened at $312.65 on Tuesday. The firm has a market capitalization of $84.68 billion, a PE ratio of 20.24, a P/E/G ratio of 2.09 and a beta of 0.38. The company's 50-day moving average is $346.58 and its 200-day moving average is $346.38. General Dynamics Corporation has a fifty-two week low of $266.98 and a fifty-two week high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.06. The company had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. General Dynamics's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Sell-side analysts anticipate that General Dynamics Corporation will post 16.3 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be paid a dividend of $1.59 per share. The ex-dividend date is Friday, April 10th. This represents a $6.36 annualized dividend and a dividend yield of 2.0%. This is a boost from General Dynamics's previous quarterly dividend of $1.50. General Dynamics's dividend payout ratio (DPR) is presently 41.17%.

Insider Activity

In other news, VP Mark Rayha sold 4,370 shares of the business's stock in a transaction dated 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 transaction, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 32,918 shares of the business's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the transaction, the chief executive officer owned 766,457 shares in the company, valued at $271,394,759.13. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,260 shares of company stock valued at $18,133,971 over the last quarter. 1.40% of the stock is currently owned by company insiders.

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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