Richard Bernstein Advisors LLC Decreases Holdings in General Dynamics Corporation $GD

Richard Bernstein Advisors LLC reduced its stake in shares of General Dynamics Corporation (NYSE:GD) by 55.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,518 shares of the aerospace company’s stock after selling 10,416 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in General Dynamics were worth $2,905,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. WASHINGTON TRUST Co grew its stake in shares of General Dynamics by 453.3% during the third quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after purchasing an additional 7,716 shares during the period. Gold Investment Management Ltd. boosted its holdings in General Dynamics by 73.5% during the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after buying an additional 4,532 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of General Dynamics by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after buying an additional 32,262 shares during the period. Rockland Trust Co. raised its position in shares of General Dynamics by 703.4% in the 3rd quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after acquiring an additional 9,235 shares during the period. Finally, Davis Capital Management acquired a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $1,007,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.2%

Shares of NYSE:GD opened at $362.63 on Tuesday. The business has a fifty day simple moving average of $355.16 and a 200 day simple moving average of $342.91. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The firm has a market cap of $98.05 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.17 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The business had revenue of $14.38 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s payout ratio is currently 38.83%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen downgraded General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 target price on shares of General Dynamics in a research report on Monday, January 12th. Jefferies Financial Group upped their target price on General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Finally, UBS Group set a $393.00 price objective on shares of General Dynamics in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.26.

Insider Activity at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the business’s 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 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction that occurred 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 transaction, the vice president directly owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by company insiders.

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.