Assetmark Inc. Raises Holdings in General Dynamics Corporation $GD

Assetmark Inc. lifted its position in General Dynamics Corporation (NYSE:GD) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,678 shares of the aerospace company’s stock after acquiring an additional 17,329 shares during the period. Assetmark Inc.’s holdings in General Dynamics were worth $31,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of GD. Halbert Hargrove Global Advisors LLC purchased a new position in shares of General Dynamics during the 3rd quarter valued at approximately $26,000. Louisbourg Investments Inc. purchased a new position in shares of General Dynamics during the 3rd quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC grew its stake in General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 49 shares during the period. NewSquare Capital LLC increased its holdings in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in General Dynamics during the second quarter worth $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of a number of research analyst reports. TD Cowen increased their target price on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Citigroup raised their target price on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Bank of America reaffirmed a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Friday, January 30th. Finally, Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $375.47.

General Dynamics Stock Up 2.1%

GD stock opened at $347.83 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The company has a fifty day moving average of $350.49 and a 200-day moving average of $338.00. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The stock has a market capitalization of $94.05 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.03 and a beta of 0.41.

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

General Dynamics Announces Dividend

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

Insider Activity at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.