PFG Advisors Takes $6.70 Million Position in General Dynamics Corporation $GD

PFG Advisors purchased a new position in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,647 shares of the aerospace company’s stock, valued at approximately $6,699,000.

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

Insider Activity at General Dynamics

In related news, VP Mark Rayha sold 4,370 shares of the firm’s 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 completion of the sale, the vice president directly owned 7,936 shares in the company, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David Paddock sold 20,360 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GD shares. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 target price on shares of General Dynamics in a research report on Monday, January 12th. Wolfe Research increased their price target on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Morgan Stanley upped their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Bank of America reissued a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $376.26.

General Dynamics Stock Up 1.0%

GD opened at $364.20 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The company has a market capitalization of $98.48 billion, a PE ratio of 23.57, a P/E/G ratio of 2.17 and a beta of 0.39. The stock’s fifty day moving average is $354.72 and its 200-day moving average is $342.59. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share 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 business had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter last year, the business posted $4.15 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

About General Dynamics

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.