Allspring Global Investments Holdings LLC Acquires 23,846 Shares of General Dynamics Corporation $GD

Allspring Global Investments Holdings LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 61.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,684 shares of the aerospace company’s stock after acquiring an additional 23,846 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in General Dynamics were worth $21,526,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GD. AQR Capital Management LLC raised its holdings in General Dynamics by 118.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after buying an additional 901,679 shares during the period. Northern Trust Corp increased its position in General Dynamics by 35.0% during the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after acquiring an additional 863,392 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of General Dynamics by 3,306.5% in the third quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock valued at $297,029,000 after acquiring an additional 845,482 shares during the period. Ameriprise Financial Inc. lifted 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 acquiring an additional 691,340 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of General Dynamics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock worth $8,265,349,000 after purchasing an additional 677,665 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other 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 value of $11,655,934.62. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the sale, the executive vice president owned 44,767 shares in the company, valued at $15,825,134.50. The trade was a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,260 shares of company stock worth $18,133,971 in the last 90 days. 1.50% of the stock is owned by company insiders.

General Dynamics Stock Up 0.1%

NYSE:GD opened at $349.33 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 50-day moving average of $352.90 and a 200 day moving average of $346.17. The firm has a market cap of $94.62 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.08 and a beta of 0.38.

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

General Dynamics Increases Dividend

The business 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 dividend of $1.59 per share. The ex-dividend date is Friday, April 10th. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 38.83%.

Analysts Set New Price Targets

Several brokerages have issued reports on GD. Wall Street Zen downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Jefferies Financial Group increased their price target on General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Susquehanna restated a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. TD Cowen upped their price objective on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, BNP Paribas Exane decreased their target price on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $384.42.

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.