Czech National Bank Grows Stake in General Dynamics Corporation $GD

Czech National Bank boosted its stake in General Dynamics Corporation (NYSE:GD) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,852 shares of the aerospace company’s stock after acquiring an additional 2,728 shares during the period. Czech National Bank’s holdings in General Dynamics were worth $22,506,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. WASHINGTON TRUST Co lifted its position in General Dynamics by 453.3% during the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock valued at $3,212,000 after acquiring an additional 7,716 shares during the period. Rockland Trust Co. grew its holdings in General Dynamics by 703.4% in the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock worth $3,597,000 after purchasing an additional 9,235 shares during the period. Gold Investment Management Ltd. grew its holdings in General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after purchasing an additional 4,532 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of General Dynamics by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock valued at $312,842,000 after purchasing an additional 32,262 shares in the last quarter. Finally, Davis Capital Management purchased a new position in shares of General Dynamics during the third quarter valued at approximately $1,007,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

GD stock opened at $355.10 on Friday. 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 Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a market cap of $96.01 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.39. The stock’s fifty day moving average price is $355.06 and its 200-day moving average price is $345.26.

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 analysts’ consensus estimates of $4.11 by $0.06. The company had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.General Dynamics’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, equities analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be paid a $1.59 dividend. This is a boost 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 dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 41.17%.

Analyst Ratings Changes

GD has been the topic of a number of analyst reports. UBS Group set a $393.00 price target on General Dynamics in a research report on Thursday, January 29th. TD Cowen lifted their price objective on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Wall Street Zen downgraded General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Argus increased their target price on General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Citigroup raised their price target on General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.26.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark Rayha sold 4,370 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the transaction, the vice president owned 7,936 shares in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,260 shares of company stock worth $18,133,971 over the last quarter. Company insiders own 1.50% of the company’s stock.

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.