Vestmark Advisory Solutions Inc. Sells 4,586 Shares of General Dynamics Corporation $GD

Vestmark Advisory Solutions Inc. reduced its stake in General Dynamics Corporation (NYSE:GD) by 39.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,006 shares of the aerospace company’s stock after selling 4,586 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in General Dynamics were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in General Dynamics by 2.9% in the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after acquiring an additional 677,665 shares during the period. State Street Corp grew its holdings in shares of General Dynamics by 1.1% in the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after purchasing an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of General Dynamics by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after purchasing an additional 691,340 shares in the last quarter. Invesco Ltd. boosted its position in General Dynamics by 0.4% in the second quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock valued at $695,776,000 after buying an additional 9,283 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of General Dynamics by 2.5% during the second quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock worth $499,377,000 after buying an additional 41,349 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.7%

Shares of NYSE GD opened at $351.29 on Wednesday. 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 $94.99 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.08 and a beta of 0.41. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average is $352.01 and its 200-day moving average is $340.14.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping 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 firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period in the previous year, the company posted $4.15 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were given a $1.50 dividend. The ex-dividend date was Friday, January 16th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is currently 38.83%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price target on shares of General Dynamics in a research report on Monday, January 12th. Susquehanna reissued a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a research note on Thursday, January 15th. Wolfe Research increased their price objective on General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. BNP Paribas Exane dropped their target price on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Finally, Morgan Stanley raised their price target on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $376.26.

Insider Activity at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the transaction, 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 ownership of the stock. 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 the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the sale, the vice president directly owned 7,936 shares of the company’s stock, valued at $2,767,997.44. This represents a 35.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company 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.