Legal & General Group Plc Has $384.33 Million Stake in General Dynamics Corporation $GD

Legal & General Group Plc raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,127,063 shares of the aerospace company’s stock after purchasing an additional 55,115 shares during the period. Legal & General Group Plc owned 0.42% of General Dynamics worth $384,328,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GD. Dunhill Financial LLC increased its stake in shares of General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics in the third quarter worth approximately $26,000. Louisbourg Investments Inc. bought a new stake in General Dynamics in the third quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new stake in General Dynamics during the 3rd quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in General Dynamics by 80.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $353.88 on Thursday. The stock’s 50 day moving average price is $355.83 and its two-hundred day moving average price is $343.24. The stock has a market capitalization of $95.69 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 2.12 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.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The company had revenue of $14.38 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.15 EPS. 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 year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be issued a dividend of $1.59 per share. 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 1.8%. The ex-dividend date is Friday, April 10th. General Dynamics’s dividend payout ratio (DPR) is currently 41.17%.

Insider Transactions at General Dynamics

In other news, VP Mark Rayha sold 4,370 shares of the 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 transaction, the vice president owned 7,936 shares of the company’s stock, valued at $2,767,997.44. This represents a 35.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $6,818,971.20. Following the completion of the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BNP Paribas Exane dropped their price target on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. TD Cowen lifted their target price on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a research note on Monday, January 12th. Wall Street Zen lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Citigroup upped their price target on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $376.26.

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.