General Dynamics Corporation $GD Holdings Boosted by Assetmark Inc.

Assetmark Inc. lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 23.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 92,678 shares of the aerospace company’s stock after acquiring an additional 17,329 shares during the period. Assetmark Inc.’s holdings in General Dynamics were worth $31,603,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its position in General Dynamics by 1.1% during the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after acquiring an additional 119,664 shares during the period. Ameriprise Financial Inc. boosted its position in shares of General Dynamics by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after purchasing an additional 691,340 shares in the last quarter. Invesco Ltd. grew its stake in shares of General Dynamics by 0.4% in the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after purchasing an additional 9,283 shares during the last quarter. Franklin Resources Inc. grew its position in General Dynamics by 2.5% in the second quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock worth $499,377,000 after buying an additional 41,349 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of General Dynamics by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock worth $466,320,000 after purchasing an additional 16,459 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, VP David Paddock sold 20,360 shares of the firm’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 in the company, valued at $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on GD. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Thursday, January 22nd. Morgan Stanley upped their price target on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Monday, October 27th. Finally, UBS Group set a $393.00 price objective on shares of General Dynamics in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $375.47.

General Dynamics Stock Up 2.1%

Shares of NYSE GD opened at $347.83 on Friday. The stock has a market cap of $94.05 billion, a PE ratio of 22.51, a PEG ratio of 2.03 and a beta of 0.41. The business has a fifty day moving average of $350.49 and a two-hundred day moving average of $338.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. The company had revenue of $14.38 billion during the quarter, compared to the consensus estimate 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 was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.15 earnings per share. 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 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

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.