Allworth Financial LP Purchases 1,925 Shares of General Dynamics Corporation $GD

Allworth Financial LP lifted its holdings in General Dynamics Corporation (NYSE:GD) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,971 shares of the aerospace company’s stock after buying an additional 1,925 shares during the period. Allworth Financial LP’s holdings in General Dynamics were worth $18,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in General Dynamics by 118.3% in the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after acquiring an additional 901,679 shares during the last quarter. Northern Trust Corp increased its stake in shares of General Dynamics by 35.0% during the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after purchasing an additional 863,392 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of 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 during the period. Ameriprise Financial Inc. raised its holdings in shares of General Dynamics by 25.2% in the 2nd 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 period. Finally, Vanguard Group Inc. lifted its stake in General Dynamics by 2.9% in the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after purchasing an additional 677,665 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Down 1.1%

Shares of General Dynamics stock opened at $349.49 on Friday. The company’s 50-day moving average price is $356.36 and its 200-day moving average price is $344.36. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The company has a market cap of $94.50 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.10 and a beta of 0.39.

General Dynamics (NYSE:GD) last issued 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 company 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 company earned $4.15 earnings per share. General Dynamics’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. On average, equities 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 disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a $1.59 dividend. 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 (DPR) is 38.83%.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent research reports. Susquehanna reissued a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a research report on Thursday, January 15th. BNP Paribas Exane cut their price target on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price objective on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Finally, Citigroup increased their target price on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.26.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark Lagrand Burns sold 10,153 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,834,176.25. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mark Rayha sold 4,370 shares of General Dynamics 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 of the company’s stock, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,260 shares of company stock worth $18,133,971 over the last three months. Corporate insiders own 1.50% of the company’s stock.

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.