General Dynamics Corporation $GD Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 70.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 426,572 shares of the aerospace company’s stock after buying an additional 176,439 shares during the period. Bahl & Gaynor Inc. owned 0.16% of General Dynamics worth $145,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GD. Dunhill Financial LLC boosted its holdings in General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of General Dynamics during the 3rd quarter worth approximately $26,000. Louisbourg Investments Inc. acquired a new position in shares of General Dynamics in the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC purchased a new position in shares of General Dynamics in the 3rd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake 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 worth $32,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 1.8%

NYSE:GD opened at $356.89 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $352.76 and its 200-day simple moving average is $340.88. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The firm has a market cap of $96.50 billion, a P/E ratio of 23.10, a PEG ratio of 2.13 and a beta of 0.39.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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 company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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

Insider Buying and Selling

In other news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the transaction, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. This represents a 35.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on GD. Susquehanna reaffirmed a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Wolfe Research upped their target price on General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. 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. Jefferies Financial Group increased their price objective on General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 target price on shares of General Dynamics in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $376.26.

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.