Calamos Advisors LLC Sells 1,730 Shares of General Dynamics Corporation $GD

Calamos Advisors LLC cut its holdings in General Dynamics Corporation (NYSE:GD) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,589 shares of the aerospace company’s stock after selling 1,730 shares during the quarter. Calamos Advisors LLC’s holdings in General Dynamics were worth $14,338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Joule Financial LLC lifted its holdings in shares of General Dynamics by 4.3% during the 4th quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock valued at $237,000 after buying an additional 29 shares during the period. Brown Miller Wealth Management LLC raised its holdings in General Dynamics by 0.3% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock worth $2,993,000 after purchasing an additional 29 shares during the period. Crowley Wealth Management Inc. raised its holdings in General Dynamics by 1.4% in the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after purchasing an additional 30 shares during the period. First Financial Bankshares Inc increased its stake in General Dynamics by 2.6% in the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock worth $408,000 after buying an additional 30 shares in the last quarter. Finally, Steph & Co. increased its stake in General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after buying an additional 30 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the sale, the executive vice president directly owned 38,975 shares in the company, valued at $13,834,176.25. This trade represents a 20.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 51,260 shares of company stock valued at $18,133,971 over the last three months. 1.40% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

Shares of GD stock opened at $313.31 on Friday. The company’s 50 day moving average is $347.28 and its 200 day moving average is $346.59. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a 52-week low of $266.98 and a 52-week high of $369.70. The firm has a market cap of $84.86 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.13 and a beta of 0.38.

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. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The business had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period in the previous year, the company earned $4.15 earnings per share. The business’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, sell-side analysts anticipate that General Dynamics Corporation will post 16.3 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be issued a $1.59 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, April 10th. General Dynamics’s dividend payout ratio is presently 41.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GD shares. TD Cowen increased their price target on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Susquehanna reiterated a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a report on Thursday, January 15th. Morgan Stanley raised their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Wells Fargo & Company started coverage on shares of General Dynamics in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and set a $387.00 price target for the company. in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $389.78.

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.