Spire Wealth Management Has $2.40 Million Holdings in General Dynamics Corporation $GD

Spire Wealth Management grew its stake in General Dynamics Corporation (NYSE:GD) by 26.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,137 shares of the aerospace company’s stock after purchasing an additional 1,507 shares during the period. Spire Wealth Management’s holdings in General Dynamics were worth $2,403,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the period. Acadian Asset Management LLC raised its holdings in shares of General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after buying an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of General Dynamics during the second quarter valued at $240,000. American Century Companies Inc. lifted its holdings in shares of General Dynamics by 13.6% during the second quarter. American Century Companies Inc. now owns 18,037 shares of the aerospace company’s stock valued at $5,261,000 after acquiring an additional 2,165 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of General Dynamics by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 36,231 shares of the aerospace company’s stock valued at $10,567,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total value of $11,655,934.62. Following the sale, the chief executive officer owned 766,457 shares in the company, valued at $271,394,759.13. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the completion of the transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $15,825,134.50. This trade represents a 7.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,260 shares of company stock worth $18,133,971 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 0.0%

Shares of NYSE:GD opened at $346.80 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The firm has a market cap of $93.77 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.06 and a beta of 0.39. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70. The company’s fifty day simple moving average is $354.65 and its 200 day simple moving average is $345.76.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.11 by $0.06. The firm 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%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend 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 currently 41.17%.

Wall Street Analyst Weigh In

GD has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 target price on shares of General Dynamics in a research note on Monday, January 12th. Wolfe Research upped their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. TD Cowen increased their price target 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. Jefferies Financial Group boosted their price objective on shares of General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Finally, BNP Paribas Exane lowered their price objective on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $376.26.

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.