General Dynamics Corporation $GD Shares Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. grew its position in shares of General Dynamics Corporation (NYSE:GD) by 48.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,929 shares of the aerospace company’s stock after purchasing an additional 3,557 shares during the quarter. BTC Capital Management Inc.’s holdings in General Dynamics were worth $3,726,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GD. Halbert Hargrove Global Advisors LLC bought a new stake in General Dynamics in the third quarter worth about $26,000. Louisbourg Investments Inc. acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC raised its holdings 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 worth $32,000 after purchasing an additional 49 shares in the last quarter. NewSquare Capital LLC lifted its stake in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Financial Consulate Inc. bought a new stake in General Dynamics during the third quarter worth approximately $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 2.1%

NYSE:GD opened at $347.83 on Friday. The stock’s 50-day moving average is $350.49 and its two-hundred day moving average is $338.00. 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 has a market cap of $94.05 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.03 and a beta of 0.41. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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 firm had revenue of $14.38 billion for the quarter, compared to the consensus estimate of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.83%.

Insider Activity at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president owned 36,644 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on GD shares. TD Cowen upped their price target on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Argus boosted their target price on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Susquehanna reaffirmed a “positive” rating and set a $420.00 target price on shares of General Dynamics in a report on Thursday, January 15th. Robert W. Baird set a $390.00 price target on General Dynamics in a research note on Monday, October 27th. Finally, BNP Paribas Exane reduced their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.47.

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.