Hudson Bay Capital Management LP Sells 56,506 Shares of General Dynamics Corporation $GD

Hudson Bay Capital Management LP trimmed its position in General Dynamics Corporation (NYSE:GD) by 89.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,488 shares of the aerospace company’s stock after selling 56,506 shares during the quarter. Hudson Bay Capital Management LP’s holdings in General Dynamics were worth $2,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares in the last quarter. Acadian Asset Management LLC grew its holdings in General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after acquiring an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC bought a new position in General Dynamics during the 2nd quarter worth about $240,000. Wealthspire Advisors LLC increased its position in General Dynamics by 17.4% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,066 shares of the aerospace company’s stock valued at $603,000 after purchasing an additional 306 shares during the period. Finally, Swiss National Bank raised its holdings in shares of General Dynamics by 4.7% in the 2nd quarter. Swiss National Bank now owns 690,546 shares of the aerospace company’s stock valued at $201,405,000 after purchasing an additional 31,300 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 1.3%

NYSE GD opened at $345.12 on Friday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The company has a 50 day moving average price of $356.19 and a 200 day moving average price of $344.64. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The firm has a market cap of $93.32 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.06. The business had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

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

Insiders Place Their Bets

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president directly owned 7,936 shares in the company, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 32,918 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $271,394,759.13. This represents a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 51,260 shares of company stock valued at $18,133,971. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GD shares. 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. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. BNP Paribas Exane lowered their target price on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Bank of America reiterated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Friday, January 30th. Finally, TD Cowen boosted their price target on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $376.26.

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.