Matrix Trust Co Buys New Shares in General Dynamics Corporation $GD

Matrix Trust Co purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the fourth quarter, Holdings Channel reports. The firm purchased 5,527 shares of the aerospace company’s stock, valued at approximately $1,861,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. increased its position in shares of General Dynamics by 1.4% during the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock valued at $767,000 after purchasing an additional 30 shares during the last quarter. First Financial Bankshares Inc lifted its position in General Dynamics by 2.6% in the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock worth $408,000 after buying an additional 30 shares during the last quarter. Columbus Macro LLC boosted its stake in General Dynamics by 0.4% in the third quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock worth $2,948,000 after buying an additional 33 shares in the last quarter. AGH Wealth Advisors LLC boosted its stake in General Dynamics by 1.5% in the third quarter. AGH Wealth Advisors LLC now owns 2,253 shares of the aerospace company’s stock worth $768,000 after buying an additional 33 shares in the last quarter. Finally, Cozad Asset Management Inc. grew its position in General Dynamics by 3.9% during the third quarter. Cozad Asset Management Inc. now owns 914 shares of the aerospace company’s stock valued at $312,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.7%

Shares of General Dynamics stock opened at $355.10 on Friday. 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 company’s 50 day moving average price is $355.06 and its 200-day moving average price is $345.26. The stock has a market capitalization of $96.01 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.10 and a beta of 0.39.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The company had revenue of $14.38 billion during 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%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Friday, April 10th. General Dynamics’s payout ratio is currently 41.17%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GD shares. Susquehanna reissued a “positive” rating and set a $420.00 price target on shares of General Dynamics in a research note on Thursday, January 15th. Citigroup increased their target price on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Jefferies Financial Group lifted their target price on shares of General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Wolfe Research boosted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, BNP Paribas Exane cut their price target on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $376.26.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 32,918 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total value of $11,655,934.62. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 51,260 shares of company stock valued at $18,133,971. Company insiders own 1.50% of the company’s stock.

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.