Barclays PLC Cuts Position in General Dynamics Corporation $GD

Barclays PLC decreased its stake in General Dynamics Corporation (NYSE:GD) by 9.5% in the 3rd quarter, Holdings Channel reports. The firm owned 584,293 shares of the aerospace company’s stock after selling 61,243 shares during the quarter. Barclays PLC’s holdings in General Dynamics were worth $199,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. increased its holdings in General Dynamics by 1.4% in the third quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock valued at $767,000 after buying an additional 30 shares in the last quarter. First Financial Bankshares Inc boosted its stake in shares of General Dynamics by 2.6% during the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 30 shares in the last quarter. Columbus Macro LLC grew its holdings in shares of General Dynamics by 0.4% in the 3rd quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock worth $2,948,000 after acquiring an additional 33 shares during the period. AGH Wealth Advisors LLC increased its stake in General Dynamics by 1.5% in the 3rd quarter. AGH Wealth Advisors LLC now owns 2,253 shares of the aerospace company’s stock valued at $768,000 after purchasing an additional 33 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its stake in General Dynamics by 3.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 914 shares of the aerospace company’s stock valued at $312,000 after purchasing an additional 34 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a research report on Monday, January 12th. Citigroup lifted their price target on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. TD Cowen increased their price objective on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Argus raised their target price on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, UBS Group set a $393.00 target price on shares of General Dynamics in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $376.26.

General Dynamics Stock Performance

General Dynamics stock opened at $364.20 on Friday. The stock has a fifty day moving average price of $354.72 and a 200 day moving average price of $342.23. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The firm has a market capitalization of $98.48 billion, a P/E ratio of 23.57, a PEG ratio of 2.15 and a beta of 0.39. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period last year, the company earned $4.15 EPS. The firm’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. Equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insider Activity at General Dynamics

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction on 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. This trade represents a 35.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by company insiders.

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.