Confluence Investment Management LLC Sells 3,289 Shares of General Dynamics Corporation $GD

Confluence Investment Management LLC cut its holdings in General Dynamics Corporation (NYSE:GD) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,437 shares of the aerospace company’s stock after selling 3,289 shares during the period. Confluence Investment Management LLC’s holdings in General Dynamics were worth $25,733,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Crowley Wealth Management Inc. lifted its position in shares of General Dynamics by 1.4% during the third quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after acquiring an additional 30 shares in the last quarter. First Financial Bankshares Inc boosted its holdings in shares of General Dynamics by 2.6% in the third 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 during the period. Columbus Macro LLC grew its position in shares of General Dynamics by 0.4% in the third quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock valued at $2,948,000 after purchasing an additional 33 shares in the last quarter. AGH Wealth Advisors LLC raised its stake in shares of General Dynamics by 1.5% during 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 during the period. Finally, Cozad Asset Management Inc. lifted its holdings in General Dynamics by 3.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 914 shares of the aerospace company’s stock worth $312,000 after purchasing an additional 34 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In related news, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,260 shares of company stock valued at $18,133,971 over the last quarter. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on GD shares. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 target price on shares of General Dynamics in a research note on Monday, January 12th. BNP Paribas Exane decreased their price target on General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Argus raised their price objective on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Susquehanna reaffirmed a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a research note on Thursday, January 15th. Finally, Bank of America reaffirmed a “buy” rating and set a $400.00 target price on shares of General Dynamics in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $376.26.

General Dynamics Price Performance

Shares of NYSE:GD opened at $349.49 on Friday. The company’s fifty day moving average price is $356.36 and its 200-day moving average price is $344.36. 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 market capitalization of $94.50 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.10 and a beta of 0.39. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 net margin of 8.01% and a return on equity of 17.57%. The company had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. During the same period in the previous year, the firm posted $4.15 EPS. The firm’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. On average, equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

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