Envestnet Asset Management Inc. Has $312.84 Million Stock Position in General Dynamics Corporation $GD

Envestnet Asset Management Inc. grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 3.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 917,424 shares of the aerospace company’s stock after buying an additional 32,262 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.34% of General Dynamics worth $312,842,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in General Dynamics by 3,306.5% in the 3rd quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock worth $297,029,000 after purchasing an additional 845,482 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of General Dynamics by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after purchasing an additional 691,340 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of General Dynamics by 142.5% in the second 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. AQR Capital Management LLC raised its holdings in 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 during the last quarter. Finally, Marshall Wace LLP acquired a new stake in General Dynamics during the 2nd quarter worth approximately $66,599,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Down 0.7%

Shares of NYSE:GD opened at $352.79 on Thursday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The business’s 50-day moving average is $348.47 and its 200-day moving average is $336.06. The company has a market capitalization of $95.39 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.12 and a beta of 0.41.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $13.77 billion. During the same period in the previous year, the company posted $4.15 earnings per share. The firm’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. Equities research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on GD. Argus upped their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Susquehanna restated a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Robert W. Baird set a $390.00 target price on General Dynamics in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price objective on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $375.47.

Insider Buying and Selling

In other General Dynamics news, VP David Paddock sold 20,360 shares of the firm’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 sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

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.