State of New Jersey Common Pension Fund D Buys 1,447 Shares of General Dynamics Corporation $GD

State of New Jersey Common Pension Fund D raised its stake in General Dynamics Corporation (NYSE:GD) by 1.9% during the third quarter, Holdings Channel reports. The fund owned 77,506 shares of the aerospace company’s stock after buying an additional 1,447 shares during the period. State of New Jersey Common Pension Fund D’s holdings in General Dynamics were worth $26,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Gold Investment Management Ltd. increased its stake in shares of General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after buying an additional 4,532 shares during the period. Davis Capital Management bought a new position in shares of General Dynamics during the third quarter valued at about $1,007,000. Envestnet Asset Management Inc. boosted its holdings in shares of General Dynamics by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after purchasing an additional 32,262 shares during the period. Rockland Trust Co. grew its stake in shares of General Dynamics by 703.4% in the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock worth $3,597,000 after purchasing an additional 9,235 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in General Dynamics by 20.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after purchasing an additional 51,655 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price objective on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a research note on Monday, January 12th. UBS Group set a $393.00 price objective on General Dynamics in a research note on Thursday, January 29th. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, TD Cowen lifted their price target on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.47.

General Dynamics Stock Up 2.1%

General Dynamics stock opened at $347.83 on Monday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70. The stock has a fifty day simple moving average of $350.49 and a two-hundred day simple moving average of $338.34. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The firm has a market cap of $94.05 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.08 and a beta of 0.41.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating the consensus estimate of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same period last year, the firm posted $4.15 earnings per share. General Dynamics’s revenue 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. Equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 16th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s payout ratio is presently 38.83%.

Insiders Place Their Bets

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction that occurred on 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 owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.