Asahi Life Asset Management CO. LTD. Acquires Shares of 1,460 General Dynamics Corporation $GD

Asahi Life Asset Management CO. LTD. bought a new position in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,460 shares of the aerospace company’s stock, valued at approximately $498,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new stake in General Dynamics in the 3rd quarter worth $26,000. Louisbourg Investments Inc. purchased a new stake in shares of General Dynamics during the third quarter worth about $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of General Dynamics in the third quarter worth about $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in General Dynamics by 80.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares during the period. Finally, NewSquare Capital LLC raised its position in General Dynamics by 64.7% during the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GD has been the topic of several research analyst reports. UBS Group set a $393.00 target price on General Dynamics in a research note on Thursday, January 29th. Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Morgan Stanley raised their target price on shares of General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Finally, Susquehanna reissued a “positive” rating and issued a $420.00 price target on shares of General Dynamics in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $376.26.

Insider Activity

In related news, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated 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 sale, the vice president 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 SEC filing for this sale provides additional information. 1.50% of the stock is owned by insiders.

General Dynamics Trading Down 0.9%

Shares of NYSE GD opened at $351.26 on Friday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The firm has a 50-day moving average of $351.58 and a 200 day moving average of $339.28. The stock has a market cap of $94.98 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.41.

General Dynamics (NYSE:GD) last announced 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 business had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter in the prior year, the company earned $4.15 earnings per share. The business’s 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. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

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.