Oppenheimer Asset Management Inc. Has $40.99 Million Holdings in General Dynamics Corporation $GD

Oppenheimer Asset Management Inc. reduced its stake in General Dynamics Corporation (NYSE:GD) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,192 shares of the aerospace company’s stock after selling 3,704 shares during the period. Oppenheimer Asset Management Inc.’s holdings in General Dynamics were worth $40,985,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Gables Capital Management Inc. lifted its holdings in General Dynamics by 130.4% during the third quarter. Gables Capital Management Inc. now owns 530 shares of the aerospace company’s stock worth $181,000 after acquiring an additional 300 shares in the last quarter. Waterfront Wealth Inc. bought a new stake in General Dynamics in the 3rd quarter valued at approximately $213,000. Sunesis Advisors LLC bought a new stake in shares of General Dynamics in the third quarter worth $249,000. Fielder Capital Group LLC bought a new stake in General Dynamics during the 3rd quarter worth about $216,000. Finally, Plato Investment Management Ltd raised its holdings in General Dynamics by 1,852.9% during the third quarter. Plato Investment Management Ltd now owns 1,367 shares of the aerospace company’s stock worth $463,000 after acquiring an additional 1,297 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

General Dynamics Stock Up 2.4%

Shares of NYSE GD opened at $360.37 on Monday. 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 company’s fifty day simple moving average is $349.09 and its 200 day simple moving average is $337.03. The firm has a market cap of $97.44 billion, a PE ratio of 23.32, a P/E/G ratio of 2.15 and a beta of 0.41. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.06. The business had revenue of $14.38 billion during 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%. General Dynamics’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.15 EPS. 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 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s payout ratio is 38.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GD shares. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group increased their price objective on General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Citigroup raised their price objective on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Bank of America reiterated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $375.47.

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.