Russell Investments Group Ltd. Has $137.85 Million Stock Position in General Dynamics Corporation $GD

Russell Investments Group Ltd. boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 404,472 shares of the aerospace company’s stock after purchasing an additional 17,290 shares during the period. Russell Investments Group Ltd. owned 0.15% of General Dynamics worth $137,851,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GD. WASHINGTON TRUST Co raised its position in General Dynamics by 453.3% during the third quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after acquiring an additional 7,716 shares in the last quarter. Gold Investment Management Ltd. grew its position in shares of General Dynamics by 73.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after acquiring an additional 4,532 shares during the period. Envestnet Asset Management Inc. grew its position in shares of General Dynamics by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock valued at $312,842,000 after acquiring an additional 32,262 shares during the period. Davis Capital Management acquired a new position in shares of General Dynamics during the 3rd quarter worth about $1,007,000. Finally, Rockland Trust Co. raised its holdings in shares of General Dynamics by 703.4% in the 3rd quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after purchasing an additional 9,235 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Dynamics

In other news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on 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 completion of the sale, the vice president 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $348.79, for a total transaction 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 approximately $2,767,997.44. The trade was a 35.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Down 0.2%

Shares of GD opened at $362.63 on Tuesday. The firm has a market cap of $98.05 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.17 and a beta of 0.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The firm’s 50-day simple moving average is $355.16 and its 200 day simple moving average is $342.91.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The firm had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. During the same period last year, the business posted $4.15 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, April 10th. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s payout ratio is 38.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GD shares. TD Cowen raised their target price on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. BNP Paribas Exane dropped 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Argus lifted their target price on General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Citigroup boosted their target price on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $376.26.

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.