General Dynamics Corporation $GD Shares Purchased by Pinkerton Wealth LLC

Pinkerton Wealth LLC grew its position in shares of General Dynamics Corporation (NYSE:GD) by 16.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,898 shares of the aerospace company’s stock after purchasing an additional 1,389 shares during the period. Pinkerton Wealth LLC’s holdings in General Dynamics were worth $3,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crowley Wealth Management Inc. raised its holdings in shares of General Dynamics by 1.4% in the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock valued at $767,000 after buying an additional 30 shares during the period. First Financial Bankshares Inc boosted its holdings in General Dynamics by 2.6% during the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 30 shares during the period. Columbus Macro LLC boosted its holdings in General Dynamics by 0.4% during the 3rd quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock valued at $2,948,000 after acquiring an additional 33 shares during the period. AGH Wealth Advisors LLC grew its position in General Dynamics by 1.5% in the 3rd quarter. AGH Wealth Advisors LLC now owns 2,253 shares of the aerospace company’s stock valued at $768,000 after acquiring an additional 33 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its stake in General Dynamics by 3.9% during the third quarter. Cozad Asset Management Inc. now owns 914 shares of the aerospace company’s stock worth $312,000 after purchasing an additional 34 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on GD shares. Jefferies Financial Group raised their price objective on shares of General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Argus upped their target price on shares of General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a research report on Monday, January 12th. UBS Group set a $393.00 price target on shares of General Dynamics in a research note on Thursday, January 29th. Finally, TD Cowen upped their price objective on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $376.26.

Insiders Place Their Bets

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the transaction, the vice president directly owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Down 0.2%

GD stock opened at $362.63 on Tuesday. The company’s 50 day moving average price is $355.16 and its 200 day moving average price is $342.91. The firm has a market capitalization of $98.05 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.17 and a beta of 0.39. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44.

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

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be given a dividend of $1.59 per share. This is an increase 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 dividend yield of 1.8%. General Dynamics’s dividend payout ratio is presently 38.83%.

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.