Lombard Odier Asset Management USA Corp Takes Position in General Dynamics Corporation $GD

Lombard Odier Asset Management USA Corp bought a new stake in General Dynamics Corporation (NYSE:GD) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 3,206 shares of the aerospace company’s stock, valued at approximately $1,093,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC boosted its holdings in General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of General Dynamics during the third quarter valued at approximately $26,000. Louisbourg Investments Inc. bought a new stake in shares of General Dynamics during the third quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of General Dynamics during the third quarter worth approximately $30,000. Finally, Financial Life Planners bought a new position in shares of General Dynamics in the 3rd quarter worth $33,000. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 3,819 shares of General Dynamics stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the sale, the executive vice president directly owned 44,767 shares in the company, valued at approximately $15,825,134.50. This trade represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total value of $3,603,807.35. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,834,176.25. This represents a 20.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,620 shares of company stock valued at $24,952,942 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

General Dynamics Stock Up 0.9%

GD opened at $354.57 on Tuesday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70. The firm has a market capitalization of $95.87 billion, a P/E ratio of 22.95, a PEG ratio of 2.10 and a beta of 0.39. The company’s 50-day moving average is $356.33 and its 200 day moving average is $344.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89.

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

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 38.83%.

Analyst Ratings Changes

A number of brokerages have commented on GD. Wolfe Research boosted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. BNP Paribas Exane dropped their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Susquehanna reissued a “positive” rating and set a $420.00 target price on shares of General Dynamics in a research report on Thursday, January 15th. Bank of America restated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Friday, January 30th. Finally, TD Cowen raised their price target on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $376.26.

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.