General Dynamics Corporation $GD Shares Sold by Bartlett & CO. Wealth Management LLC

Key Points

• Bartlett & CO. Wealth Management trimmed its stake in General Dynamics by 15.2% in Q4 to 93,565 shares worth $31.5M, even as large institutions (AQR, Northern Trust, Pacer, Ameriprise, Vanguard) materially increased positions, leaving institutional ownership at about 86.14%.
• Notable insider sales occurred: CEO Phebe N. Novakovic sold 32,918 shares (~$11.66M) and EVP Mark Lagrand Burns sold 10,153 shares (~$3.60M), with insiders selling 51,260 shares (~$18.13M) in the last 90 days; insiders now own 1.40% of the company.
• General Dynamics beat quarterly expectations (EPS $4.17 vs. $4.11; revenue $14.38B vs. $13.77B), set FY2026 EPS guidance of $16.10–16.20, raised the quarterly dividend to $1.59 (annual $6.36, 1.9% yield), and carries a MarketBeat consensus rating of Moderate Buy with a $384.53 target.

Bartlett & CO. Wealth Management LLC trimmed its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 15.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,565 shares of the aerospace company's stock after selling 16,775 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in General Dynamics were worth $31,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC increased its position in General Dynamics by 118.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company's stock valued at $567,372,000 after acquiring an additional 901,679 shares during the period. Northern Trust Corp increased its position in General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company's stock valued at $1,136,525,000 after acquiring an additional 863,392 shares during the period. Pacer Advisors Inc. increased its position in General Dynamics by 3,306.5% in the 3rd quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company's stock valued at $297,029,000 after acquiring an additional 845,482 shares during the period. Ameriprise Financial Inc. increased its position in General Dynamics by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company's stock valued at $1,003,444,000 after acquiring an additional 691,340 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of General Dynamics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company's stock valued at $8,265,349,000 after purchasing an additional 677,665 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on GD. Deutsche Bank Aktiengesellschaft cut General Dynamics from a "buy" rating to a "hold" rating and set a $387.00 price target on the stock. in a research report on Wednesday. Weiss Ratings reiterated a "buy (b)" rating on shares of General Dynamics in a research report on Thursday, January 22nd. UBS Group set a $393.00 price target on General Dynamics in a research report on Thursday, January 29th. Jefferies Financial Group lowered their price target on General Dynamics from $385.00 to $380.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Wolfe Research lifted their price target on General Dynamics from $400.00 to $415.00 and gave the company an "outperform" rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, General Dynamics has a consensus rating of "Moderate Buy" and a consensus target price of $384.53.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction on 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 completion of the sale, the chief executive officer owned 766,457 shares of the company's stock, valued at approximately $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the business's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total value of $3,603,807.35. Following the completion of the sale, the executive vice president directly owned 38,975 shares of the company's stock, valued at $13,834,176.25. This represents a 20.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,260 shares of company stock worth $18,133,971 in the last ninety days. Company insiders own 1.40% of the company's stock.

General Dynamics Price Performance

GD opened at $334.78 on Friday. The stock has a market cap of $90.67 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.05 and a beta of 0.38. General Dynamics Corporation has a 1 year low of $262.84 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 stock has a fifty day moving average price of $351.70 and a 200 day moving average price of $346.89.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.11 by $0.06. The firm had revenue of $14.38 billion during the quarter, compared to analysts' expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company 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 of this dividend is Friday, April 10th. This is a positive change 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 38.83%.

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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