Florida Trust Wealth Management Co Decreases Stock Holdings in General Dynamics Corporation $GD

Florida Trust Wealth Management Co lowered its stake in General Dynamics Corporation (NYSE:GD) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,837 shares of the aerospace company’s stock after selling 1,631 shares during the quarter. General Dynamics accounts for 1.0% of Florida Trust Wealth Management Co’s portfolio, making the stock its 26th largest position. Florida Trust Wealth Management Co’s holdings in General Dynamics were worth $35,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC grew its holdings in shares of General Dynamics by 47.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 259 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 83 shares during the period. Joule Financial LLC lifted its holdings in General Dynamics by 4.3% in the fourth quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 29 shares during the period. Ascent Group LLC boosted its position in General Dynamics by 8.5% in the fourth quarter. Ascent Group LLC now owns 5,737 shares of the aerospace company’s stock worth $1,932,000 after purchasing an additional 448 shares during the last quarter. Savvy Advisors Inc. grew its stake in shares of General Dynamics by 14.1% during the 4th quarter. Savvy Advisors Inc. now owns 7,149 shares of the aerospace company’s stock valued at $2,407,000 after purchasing an additional 881 shares during the period. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of General Dynamics during the 4th quarter valued at about $482,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.1%

Shares of NYSE:GD opened at $349.33 on Friday. The stock has a 50 day moving average of $352.90 and a 200 day moving average of $346.30. The company has a market cap of $94.61 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.08 and a beta of 0.38. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating 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 the consensus estimate of $13.77 billion. During the same quarter in the previous year, the firm earned $4.15 earnings per share. The company’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. As a group, equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s payout ratio is 41.17%.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $15,825,134.50. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total value of $3,603,807.35. Following the completion of the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,834,176.25. This trade represents a 20.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,260 shares of company stock worth $18,133,971 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of a number of research reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a report on Monday, January 12th. UBS Group set a $393.00 target price on shares of General Dynamics in a report on Thursday, January 29th. Argus increased their price target on shares of General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. BNP Paribas Exane dropped their price target on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, TD Cowen boosted their price objective on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $384.42.

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.