Victory Capital Management Inc. Sells 4,216 Shares of General Dynamics Corporation $GD

Victory Capital Management Inc. lessened its holdings in General Dynamics Corporation (NYSE:GD) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 158,823 shares of the aerospace company’s stock after selling 4,216 shares during the period. Victory Capital Management Inc.’s holdings in General Dynamics were worth $54,159,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Dunhill Financial LLC lifted its holdings in General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in General Dynamics during the 3rd quarter worth $26,000. Louisbourg Investments Inc. bought a new stake in shares of General Dynamics during the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. BNP Paribas Exane decreased their price objective on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Bank of America restated a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Wolfe Research lifted their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $376.26.

General Dynamics Trading Up 1.0%

NYSE GD opened at $364.20 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The stock’s 50-day moving average is $354.72 and its 200-day moving average is $342.23. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The firm has a market cap of $98.48 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.15 and a beta of 0.39.

General Dynamics (NYSE:GD) last posted its 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. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. During the same period in the prior year, the business earned $4.15 EPS. General Dynamics’s revenue for the quarter 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. Sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Insider Buying and Selling at General Dynamics

In related news, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David Paddock sold 20,360 shares of the stock in a transaction dated 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 transaction, the vice president owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.50% of the company’s stock.

General Dynamics 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.