Stevens Capital Management LP Purchases New Stake in General Dynamics Corporation $GD

Stevens Capital Management LP bought a new position in shares of General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,720 shares of the aerospace company’s stock, valued at approximately $928,000.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in General Dynamics by 3,306.5% during the 3rd quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock worth $297,029,000 after acquiring an additional 845,482 shares during the period. Ameriprise Financial Inc. raised its stake in General Dynamics by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after purchasing an additional 691,340 shares in the last quarter. Vanguard Group Inc. lifted its position in General Dynamics by 2.9% during the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock worth $8,265,349,000 after purchasing an additional 677,665 shares during the period. Prudential Financial Inc. increased its holdings in General Dynamics by 142.5% in the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock valued at $127,838,000 after buying an additional 257,534 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of General Dynamics by 43.0% in the 2nd quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock valued at $222,294,000 after buying an additional 229,352 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.9%

Shares of NYSE GD opened at $351.26 on Friday. The firm has a 50 day moving average price of $351.58 and a two-hundred day moving average price of $339.46. The stock has a market cap of $94.98 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.10 and a beta of 0.41. General Dynamics Corporation has a 52-week low of $239.20 and a 52-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 data 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. The company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. General Dynamics’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter 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 analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GD shares. Argus lifted their price objective on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen lifted their price target on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $376.26.

Insider Buying and Selling

In other news, 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 sale, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, the vice president owned 7,936 shares in the company, valued at approximately $2,767,997.44. The trade was a 35.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by insiders.

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.