General Dynamics Corporation $GD Position Lessened by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 46.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,657 shares of the aerospace company’s stock after selling 3,124 shares during the period. Shell Asset Management Co.’s holdings in General Dynamics were worth $1,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GD. Brighton Jones LLC grew its position in General Dynamics by 16.9% in 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 in the last quarter. Acadian Asset Management LLC boosted its holdings in General Dynamics by 140.2% in the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after purchasing an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in General Dynamics during the second quarter worth $240,000. Stratos Wealth Partners LTD. raised its holdings in General Dynamics by 20.2% during the second quarter. Stratos Wealth Partners LTD. now owns 9,414 shares of the aerospace company’s stock valued at $2,746,000 after buying an additional 1,585 shares in the last quarter. Finally, Curbstone Financial Management Corp acquired a new stake in shares of General Dynamics in the second quarter worth about $403,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

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

General Dynamics Trading Up 2.1%

Shares of GD opened at $347.83 on Monday. The stock’s 50-day moving average price is $350.49 and its 200 day moving average price is $338.34. 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 capitalization of $94.05 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.08 and a beta of 0.41. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70.

General Dynamics (NYSE:GD) last announced 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 return on equity of 17.57% and a net margin of 8.01%.General Dynamics’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 16th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.83%.

Analysts Set New Price Targets

GD has been the topic of a number of recent analyst reports. BNP Paribas Exane cut their price objective on General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Susquehanna reiterated a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a research note on Thursday, January 15th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded General Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, TD Cowen boosted their price objective on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $375.47.

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.