Donaldson Capital Management LLC Takes Position in General Dynamics Corporation $GD

Donaldson Capital Management LLC acquired a new position in General Dynamics Corporation (NYSE:GD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 143,327 shares of the aerospace company’s stock, valued at approximately $48,252,000. General Dynamics comprises about 1.5% of Donaldson Capital Management LLC’s holdings, making the stock its 22nd largest holding. Donaldson Capital Management LLC owned approximately 0.05% of General Dynamics as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GD. WASHINGTON TRUST Co grew its stake in shares of General Dynamics by 453.3% during the third quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after acquiring an additional 7,716 shares during the last quarter. Rockland Trust Co. increased its holdings in shares of General Dynamics by 703.4% during the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after acquiring an additional 9,235 shares in the last quarter. Gold Investment Management Ltd. raised its position in shares of General Dynamics by 73.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after purchasing an additional 4,532 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in General Dynamics by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after purchasing an additional 32,262 shares in the last quarter. Finally, Davis Capital Management acquired a new stake in General Dynamics in the 3rd quarter worth approximately $1,007,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD opened at $346.80 on Monday. 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 firm has a 50 day moving average of $354.65 and a two-hundred day moving average of $345.76. The firm has a market capitalization of $93.77 billion, a PE ratio of 22.45, a P/E/G ratio of 2.06 and a beta of 0.39.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 net margin of 8.01% and a return on equity of 17.57%. The firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same quarter in the prior year, the business earned $4.15 earnings per share. The business’s quarterly 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. On average, analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $6.36 annualized dividend and a yield of 1.8%. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s payout ratio is 41.17%.

Insider Buying and Selling

In related news, 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 transaction of $11,655,934.62. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction that occurred on 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 transaction, the vice president owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 51,260 shares of company stock worth $18,133,971. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 price objective on shares of General Dynamics in a research note on Monday, January 12th. Wolfe Research boosted their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, January 12th. UBS Group set a $393.00 target price on General Dynamics in a research note on Thursday, January 29th. Finally, Jefferies Financial Group lifted their price target on General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $376.26.

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.