10,775 General Dynamics Corporation $GD Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 233.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,381 shares of the aerospace company’s stock after buying an additional 10,775 shares during the period. Sterling Capital Management LLC’s holdings in General Dynamics were worth $5,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GD. BlackRock Inc. acquired a new stake in General Dynamics in the 2nd quarter valued at $6,840,590,000. Bank of America Corp DE acquired a new position in General Dynamics during the second quarter worth $2,603,527,000. Corient Private Wealth LP acquired a new position in General Dynamics during the second quarter worth $57,986,000. Bank of New York Mellon Corp acquired a new position in General Dynamics during the second quarter worth $429,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in General Dynamics during the second quarter valued at $224,983,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.4%

Shares of GD stock opened at $349.29 on Friday. The stock’s fifty day moving average is $353.71 and its two-hundred day moving average is $354.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The firm has a market capitalization of $94.50 billion, a P/E ratio of 21.31, a PEG ratio of 2.04 and a beta of 0.33. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the previous year, the company posted $3.74 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GD. Susquehanna lifted their target price on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Bank of America raised their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Royal Bank Of Canada lowered their price objective on General Dynamics from $410.00 to $360.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $402.32.

Insider Transactions at General Dynamics

In related news, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Steel sold 7,440 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the sale, the director owned 3,096 shares of the company’s stock, valued at approximately $1,071,370.80. The trade was a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 102,188 shares of company stock valued at $38,627,265. Corporate insiders own 1.40% of the company’s stock.

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.