Premier Fund Managers Ltd Purchases 4,394 Shares of General Dynamics Corporation $GD

Premier Fund Managers Ltd raised its position in General Dynamics Corporation (NYSE:GD) by 14.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 35,394 shares of the aerospace company’s stock after purchasing an additional 4,394 shares during the period. Premier Fund Managers Ltd’s holdings in General Dynamics were worth $11,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of General Dynamics by 2.9% in the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after purchasing an additional 677,665 shares in the last quarter. State Street Corp increased its holdings in General Dynamics by 1.1% in the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock valued at $3,249,220,000 after buying an additional 119,664 shares during the period. Ameriprise Financial Inc. raised its stake in shares of General Dynamics by 25.2% in the 2nd 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of General Dynamics by 0.4% during the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after acquiring an additional 9,283 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of General Dynamics by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock valued at $499,377,000 after acquiring an additional 41,349 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of a number of analyst reports. Wall Street Zen cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. TD Cowen boosted their price target on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Robert W. Baird set a $390.00 price target on General Dynamics in a research report on Monday, October 27th. Susquehanna reissued a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $376.26.

Insider Buying and Selling

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction 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 owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction 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 directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

General Dynamics stock opened at $351.26 on Friday. The business’s fifty day moving average is $351.58 and its two-hundred day moving average is $339.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The firm has a market cap of $94.98 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.10 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.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share 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 return on equity of 17.57% and a net margin of 8.01%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $4.15 earnings per share. 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 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

General Dynamics Company Profile

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.