Westover Capital Advisors LLC Boosts Stake in General Dynamics Corporation $GD

Westover Capital Advisors LLC raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 65.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,895 shares of the aerospace company’s stock after acquiring an additional 5,110 shares during the quarter. Westover Capital Advisors LLC’s holdings in General Dynamics were worth $4,397,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its stake in General Dynamics by 1.1% in the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock valued at $3,249,220,000 after purchasing an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of General Dynamics by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after buying an additional 691,340 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of General Dynamics by 0.4% in the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock valued at $695,776,000 after buying an additional 9,283 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of General Dynamics by 2.5% in the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock valued at $499,377,000 after buying an additional 41,349 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of General Dynamics by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock worth $466,320,000 after buying an additional 16,459 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other General Dynamics news, VP David Paddock sold 20,360 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $346.81 on Thursday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The business’s 50 day moving average price is $350.28 and its 200 day moving average price is $337.73. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The firm has a market cap of $93.78 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.14 and a beta of 0.41.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating the consensus estimate of $4.11 by $0.06. The business had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were given a dividend of $1.50 per share. The ex-dividend date was Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s payout ratio is currently 38.83%.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of analyst reports. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a research report on Monday, October 27th. Wall Street Zen downgraded General Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. TD Cowen increased their price objective on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Monday, October 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $375.47.

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.