General Dynamics Corporation $GD Shares Sold by Capital Research Global Investors

Capital Research Global Investors trimmed its position in General Dynamics Corporation (NYSE:GD) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,862,376 shares of the aerospace company’s stock after selling 78,338 shares during the period. Capital Research Global Investors owned 2.54% of General Dynamics worth $2,340,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares during the period. Acadian Asset Management LLC boosted its stake in shares of 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 buying an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in General Dynamics during the second quarter valued at approximately $240,000. Savant Capital LLC lifted its holdings in General Dynamics by 73.4% in the second quarter. Savant Capital LLC now owns 8,583 shares of the aerospace company’s stock valued at $2,503,000 after acquiring an additional 3,634 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $846,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GD has been the topic of a number of analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a research report on Monday, January 12th. UBS Group set a $393.00 target price on General Dynamics in a research report on Thursday, January 29th. Wall Street Zen lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley increased their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, Citigroup lifted their price objective on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $376.26.

General Dynamics Price Performance

Shares of NYSE GD opened at $362.63 on Tuesday. The firm has a 50-day simple moving average of $355.16 and a 200-day simple moving average of $342.91. 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 stock has a market capitalization of $98.05 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 2.17 and a beta of 0.39. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70.

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

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, April 10th. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio (DPR) is currently 38.83%.

Insiders Place Their Bets

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president directly owned 7,936 shares of the company’s stock, valued at $2,767,997.44. This trade represents a 35.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Paddock sold 20,360 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by company insiders.

General Dynamics 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.