NTV Asset Management LLC Purchases New Stake in General Dynamics Corporation $GD

NTV Asset Management LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,465 shares of the aerospace company’s stock, valued at approximately $1,150,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gibbs Wealth Management lifted its holdings in shares of General Dynamics by 4.7% during the third quarter. Gibbs Wealth Management now owns 1,675 shares of the aerospace company’s stock valued at $556,000 after purchasing an additional 75 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of General Dynamics by 0.5% in the 3rd quarter. Wedbush Securities Inc. now owns 23,502 shares of the aerospace company’s stock valued at $7,799,000 after purchasing an additional 113 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in General Dynamics by 1.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 12,519 shares of the aerospace company’s stock worth $4,154,000 after purchasing an additional 145 shares in the last quarter. Sterling Capital Management LLC increased its stake in General Dynamics by 233.9% in the 3rd quarter. Sterling Capital Management LLC now owns 15,381 shares of the aerospace company’s stock worth $5,104,000 after purchasing an additional 10,775 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its stake in General Dynamics by 0.4% in the 3rd quarter. WASHINGTON TRUST Co now owns 8,338 shares of the aerospace company’s stock worth $2,767,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 102,188 shares of company stock worth $38,627,265. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent analyst reports. Robert W. Baird set a $430.00 price objective on General Dynamics in a report on Thursday, July 30th. TD Cowen decreased their target price on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a report on Friday, October 9th. Jefferies Financial Group lifted their target price 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. Citigroup cut their price target on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 price target on shares of General Dynamics in a research report 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $402.32.

General Dynamics Trading Down 0.0%

NYSE:GD opened at $349.29 on Monday. The stock’s 50 day moving average price is $353.71 and its 200 day moving average price is $355.02. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a market capitalization of $94.50 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.04 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

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

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.