Meiji Yasuda Life Insurance Co Purchases New Shares in General Dynamics Corporation $GD

Meiji Yasuda Life Insurance Co acquired a new position in General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,712 shares of the aerospace company’s stock, valued at approximately $584,000.

A number of other institutional investors have also recently bought and sold shares of GD. Dunhill Financial LLC increased its holdings in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 62 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in General Dynamics during the third quarter worth approximately $26,000. Louisbourg Investments Inc. bought a new position in General Dynamics during the 3rd quarter worth $27,000. Redmont Wealth Advisors LLC bought a new position in General Dynamics during the 3rd quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in 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 acquiring an additional 49 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on GD shares. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a report on Monday, January 12th. Wall Street Zen downgraded General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Bank of America reaffirmed a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research report on Friday, January 30th. Morgan Stanley upped their price target 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $376.26.

General Dynamics Stock Up 1.0%

NYSE:GD opened at $364.20 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The company has a market cap of $98.48 billion, a PE ratio of 23.57, a P/E/G ratio of 2.17 and a beta of 0.39. The firm’s 50 day simple moving average is $354.72 and its 200 day simple moving average is $342.59.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.06. The business 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%.General Dynamics’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insiders Place Their Bets

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 shares were sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the sale, 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 ownership of the stock. The sale 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 General Dynamics 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 completion of the transaction, the vice president directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate 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.