CX Institutional Purchases 20,341 Shares of General Dynamics Corporation $GD

CX Institutional boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 140.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,873 shares of the aerospace company’s stock after buying an additional 20,341 shares during the period. CX Institutional’s holdings in General Dynamics were worth $11,572,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GD. Whipplewood Advisors LLC boosted its stake in shares of General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 69 shares during the last quarter. Wellington Altus USA Inc. increased its position in shares of General Dynamics by 77.8% during the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 35 shares in the last quarter. Paladin Partners LLC acquired a new position in General Dynamics in the 2nd quarter valued at $30,000. Scarborough Advisors LLC purchased a new position in General Dynamics in the 1st quarter valued at $29,000. Finally, Wilkerson Advisory Group LLC lifted its holdings in General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director owned 3,096 shares of the company’s stock, valued at approximately $1,071,370.80. The trade was a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,188 shares of company stock worth $38,627,265 in the last ninety days. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on GD. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Jefferies Financial Group boosted their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley increased their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, TD Cowen raised their target price on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average target price of $410.84.

General Dynamics Trading Down 0.7%

NYSE:GD traded down $2.47 during trading hours on Friday, hitting $330.25. The company had a trading volume of 1,415,816 shares, compared to its average volume of 1,295,947. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a market cap of $89.35 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.91 and a beta of 0.33. The company has a 50-day moving average of $370.20 and a 200 day moving average of $356.40. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. General Dynamics’s payout ratio is 38.80%.

General Dynamics Company Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.