Illinois Municipal Retirement Fund Lowers Holdings in General Dynamics Corporation $GD

Illinois Municipal Retirement Fund decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 56.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,138 shares of the aerospace company’s stock after selling 1,471 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in General Dynamics were worth $388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in General Dynamics by 3,306.5% during the 3rd quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock valued at $297,029,000 after purchasing an additional 845,482 shares during the period. Ameriprise Financial Inc. increased its holdings in General Dynamics by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after buying an additional 691,340 shares during the period. Prudential Financial Inc. raised its stake in General Dynamics by 142.5% in the second quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock worth $127,838,000 after buying an additional 257,534 shares in the last quarter. AQR Capital Management LLC lifted its holdings in General Dynamics by 43.0% during the second quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock worth $222,294,000 after buying an additional 229,352 shares during the period. Finally, Marshall Wace LLP bought a new stake in General Dynamics during the 2nd quarter valued at $66,599,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GD has been the subject of several recent research reports. TD Cowen boosted 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. Morgan Stanley boosted their target price on shares of General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Susquehanna restated a “positive” rating and issued a $420.00 price target on shares of General Dynamics in a report on Thursday, January 15th. BNP Paribas Exane reduced their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, 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 research report on Tuesday, January 13th. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $376.26.

General Dynamics Stock Down 0.9%

GD stock opened at $351.26 on Friday. The stock has a market capitalization of $94.98 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.41. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $351.58 and a 200 day moving average of $339.28.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. The business had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

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

Insider Transactions at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the sale, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark Rayha sold 4,370 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the transaction, the vice president directly owned 7,936 shares of the company’s stock, valued at $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.