General Dynamics Corporation $GD Stake Increased by Retirement Planning Group LLC

Key Points

• Retirement Planning Group LLC increased its General Dynamics stake by 3,203.3% in the third quarter, acquiring 76,431 additional shares for a total holding valued at approximately $26.2 million. Institutional investors collectively own 86.14% of the company.
• Analysts maintain a generally positive outlook, with General Dynamics receiving a consensus “Moderate Buy” rating and an average price target of $402.32, above its reported share price of $341.77.
• General Dynamics exceeded quarterly earnings and revenue expectations, reporting $4.24 in EPS and $14.09 billion in revenue, while declaring a quarterly dividend of $1.59, equivalent to a 1.9% yield.

Retirement Planning Group LLC grew its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 3,203.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,817 shares of the aerospace company's stock after acquiring an additional 76,431 shares during the quarter. General Dynamics comprises approximately 0.6% of Retirement Planning Group LLC's investment portfolio, making the stock its 23rd biggest position. Retirement Planning Group LLC's holdings in General Dynamics were worth $26,154,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GD. Secure Asset Management LLC raised its stake in General Dynamics by 10.9% during the third quarter. Secure Asset Management LLC now owns 7,352 shares of the aerospace company's stock worth $2,440,000 after purchasing an additional 721 shares during the period. Columbia Asset Management boosted its holdings in General Dynamics by 1.7% in the 3rd quarter. Columbia Asset Management now owns 3,961 shares of the aerospace company's stock valued at $1,314,000 after purchasing an additional 68 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its stake in shares of General Dynamics by 18.2% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 694 shares of the aerospace company's stock valued at $230,000 after buying an additional 107 shares during the period. Gold Investment Management Ltd. grew its stake in shares of General Dynamics by 9.6% in the 3rd quarter. Gold Investment Management Ltd. now owns 12,085 shares of the aerospace company's stock valued at $4,010,000 after buying an additional 1,061 shares during the period. Finally, Greg Jennings LLC acquired a new stake in shares of General Dynamics during the 3rd quarter worth approximately $853,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In related news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the transaction, the director owned 3,096 shares of the company's stock, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Gilliland sold 43,180 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares of the company's stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 102,188 shares of company stock worth $38,627,265. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on GD shares. Wall Street Zen lowered shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of General Dynamics in a report on Monday, September 28th. TD Cowen lowered their price objective on General Dynamics from $420.00 to $380.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Jefferies Financial Group increased their price objective on General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Finally, BNP Paribas Exane raised their target price on General Dynamics from $390.00 to $430.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of "Moderate Buy" and an average price target of $402.32.

General Dynamics Stock Down 0.7%

Shares of GD opened at $341.77 on Tuesday. The company's 50-day moving average price is $357.41 and its 200 day moving average price is $355.10. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm has a market cap of $92.47 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts forecast that General Dynamics Corporation will post 16.98 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio is currently 38.80%.

General Dynamics Profile

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.

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