Stonehage Fleming Financial Services Holdings Ltd Purchases Shares of 1,797 General Dynamics Corporation $GD

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of General Dynamics Corporation (NYSE:GD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,797 shares of the aerospace company’s stock, valued at approximately $605,000.

Other hedge funds have also modified their holdings of the company. Corundum Group Inc. purchased a new stake in General Dynamics in the fourth quarter valued at approximately $238,000. PUREfi Wealth LLC raised its stake in General Dynamics by 27.6% during the fourth quarter. PUREfi Wealth LLC now owns 1,429 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 309 shares during the period. Sax Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 12.4% in the 4th quarter. Sax Wealth Advisors LLC now owns 925 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 102 shares during the last quarter. Czech National Bank boosted its holdings in shares of General Dynamics by 4.3% in the 4th quarter. Czech National Bank now owns 66,852 shares of the aerospace company’s stock valued at $22,506,000 after purchasing an additional 2,728 shares during the last quarter. Finally, Cullen Investment Group LTD. grew its stake in shares of General Dynamics by 371.1% during the 4th quarter. Cullen Investment Group LTD. now owns 19,467 shares of the aerospace company’s stock valued at $6,889,000 after buying an additional 15,335 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Up 0.7%

Shares of General Dynamics stock opened at $355.10 on Friday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70. The stock has a market cap of $96.01 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $355.06 and a 200 day moving average price of $345.26.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating the consensus estimate of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The company had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period last year, the company posted $4.15 earnings per share. The firm’s revenue 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. Equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a dividend of $1.59 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Friday, April 10th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is presently 41.17%.

Analysts Set New Price Targets

GD has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Bank of America restated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research note on Friday, January 30th. Citigroup raised their price objective on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. BNP Paribas Exane reduced their price objective on General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Wolfe Research boosted their target price on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $376.26.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,260 shares of company stock worth $18,133,971 in the last 90 days. 1.50% of the stock is owned by insiders.

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.