Primecap Management Co. CA Sells 103,210 Shares of General Dynamics Corporation $GD

Primecap Management Co. CA lowered its holdings in General Dynamics Corporation (NYSE:GD) by 19.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 431,470 shares of the aerospace company’s stock after selling 103,210 shares during the period. Primecap Management Co. CA owned approximately 0.16% of General Dynamics worth $147,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GD. Intech Investment Management LLC raised its stake in General Dynamics by 74.6% in the third quarter. Intech Investment Management LLC now owns 18,805 shares of the aerospace company’s stock valued at $6,413,000 after purchasing an additional 8,033 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its holdings in shares of General Dynamics by 1.3% in the 3rd quarter. Roberts Glore & Co. Inc. IL now owns 4,523 shares of the aerospace company’s stock worth $1,543,000 after buying an additional 56 shares during the last quarter. MAI Capital Management raised its position in shares of General Dynamics by 0.8% during the 3rd quarter. MAI Capital Management now owns 13,930 shares of the aerospace company’s stock valued at $4,750,000 after buying an additional 110 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in General Dynamics by 7.3% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 8,424 shares of the aerospace company’s stock worth $2,873,000 after acquiring an additional 576 shares in the last quarter. Finally, North Star Asset Management Inc. bought a new position in General Dynamics in the third quarter valued at $203,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, VP Mark Rayha sold 4,370 shares of the business’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 approximately $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

General Dynamics Stock Up 2.2%

Shares of General Dynamics stock opened at $350.72 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70. The company’s 50 day moving average price is $352.42 and its 200-day moving average price is $340.24. The stock has a market capitalization of $94.83 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.05 and a beta of 0.41.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.15 EPS. 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 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors 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 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.83%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GD. Jefferies Financial Group upped their price objective on General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Susquehanna reissued a “positive” rating and set a $420.00 price target on shares of General Dynamics in a research note on Thursday, January 15th. UBS Group set a $393.00 price objective on shares of General Dynamics in a research note on Thursday, January 29th. Finally, BNP Paribas Exane reduced their target price on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $376.26.

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.