Mather Group LLC. decreased its position in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,661 shares of the aerospace company’s stock after selling 3,952 shares during the period. Mather Group LLC.’s holdings in General Dynamics were worth $14,699,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Crowley Wealth Management Inc. raised its stake in shares of General Dynamics by 1.4% during the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after purchasing an additional 30 shares in the last quarter. First Financial Bankshares Inc grew its stake in shares of General Dynamics by 2.6% in the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock valued at $408,000 after buying an additional 30 shares in the last quarter. Columbus Macro LLC increased its holdings in General Dynamics by 0.4% in the third quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock worth $2,948,000 after buying an additional 33 shares during the last quarter. AGH Wealth Advisors LLC raised its position in General Dynamics by 1.5% during the third 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. lifted its stake in General Dynamics by 3.9% in the third quarter. Cozad Asset Management Inc. now owns 914 shares of the aerospace company’s stock valued at $312,000 after acquiring an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have commented on GD. Wall Street Zen downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group set a $393.00 price objective on shares of General Dynamics in a research note on Thursday, January 29th. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a research report on Monday, January 12th. Jefferies Financial Group raised their target price on General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $420.00 price target on shares of General Dynamics in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $376.26.
General Dynamics Trading Up 0.7%
Shares of NYSE:GD opened at $355.10 on Friday. 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 stock’s 50-day moving average is $355.06 and its 200-day moving average is $345.26. The company has a market cap of $96.01 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.10 and a beta of 0.39. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70.
General Dynamics (NYSE:GD – Get Free Report) last posted 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. 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 in the previous year, the firm earned $4.15 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. 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 earnings per share for the current year.
General Dynamics Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, April 10th. General Dynamics’s dividend payout ratio is presently 41.17%.
Insiders Place Their Bets
In related news, EVP Mark Lagrand Burns sold 10,153 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total transaction 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 $13,834,176.25. This represents a 20.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Mark Rayha sold 4,370 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,260 shares of company stock valued at $18,133,971 over the last ninety days. 1.50% of the stock is owned by insiders.
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.
Further Reading
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