Vanguard Group Inc. Acquires 528,769 Shares of General Dynamics Corporation $GD

Vanguard Group Inc. raised its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,767,330 shares of the aerospace company's stock after buying an additional 528,769 shares during the quarter. Vanguard Group Inc. owned 9.17% of General Dynamics worth $8,338,169,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GD. Weiss Ratings reissued a "buy (b)" rating on shares of General Dynamics in a research note on Tuesday, April 21st. Citigroup cut their target price on General Dynamics from $389.00 to $380.00 and set a "neutral" rating on the stock in a report on Wednesday, April 1st. UBS Group set a $393.00 price target on shares of General Dynamics in a research note on Thursday, January 29th. Bank of America restated a "buy" rating and set a $400.00 price objective on shares of General Dynamics in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of General Dynamics from a "buy" rating to a "hold" rating and set a $387.00 price objective on the stock. in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $389.78.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,918 shares of the company's stock in a transaction dated 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 directly owned 766,457 shares of the company's stock, valued at approximately $271,394,759.13. This represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of General Dynamics stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following 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. In the last three months, insiders have sold 51,260 shares of company stock worth $18,133,971. Company insiders own 1.40% of the company's stock.

General Dynamics Stock Up 0.0%

GD stock opened at $313.31 on Monday. The firm has a market capitalization of $84.86 billion, a PE ratio of 20.28, a P/E/G ratio of 2.09 and a beta of 0.38. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a twelve month low of $266.98 and a twelve month high of $369.70. The stock's 50 day moving average is $347.28 and its 200-day moving average is $346.60.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.General Dynamics's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.3 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. Stockholders of record on Friday, April 10th will be issued a $1.59 dividend. This is an increase from General Dynamics's previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, April 10th. General Dynamics's dividend payout ratio is currently 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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