Premier Fund Managers Ltd Has $11.76 Million Stock Holdings in General Dynamics Corporation $GD

Premier Fund Managers Ltd raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 14.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,394 shares of the aerospace company’s stock after buying an additional 4,394 shares during the period. Premier Fund Managers Ltd’s holdings in General Dynamics were worth $11,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in General Dynamics by 2.9% during the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after purchasing an additional 677,665 shares during the last quarter. State Street Corp increased its position in General Dynamics by 1.1% in the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after purchasing an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. raised its stake 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 worth $1,003,444,000 after purchasing an additional 691,340 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of General Dynamics by 0.4% during the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock valued at $695,776,000 after buying an additional 9,283 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of General Dynamics by 2.5% in the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock valued at $499,377,000 after buying an additional 41,349 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup raised their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Wall Street Zen lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Robert W. Baird set a $390.00 price target on shares of General Dynamics in a report on Monday, October 27th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a research report on Monday, January 12th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $376.26.

General Dynamics Stock Performance

NYSE:GD opened at $351.26 on Friday. The firm has a market capitalization of $94.98 billion, a PE ratio of 22.74, a PEG ratio of 2.10 and a beta of 0.41. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year 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. The firm’s fifty day simple moving average is $351.58 and its 200 day simple moving average is $339.46.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The company had revenue of $14.38 billion during 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 business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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 $1.50 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.83%.

Insider Activity at General Dynamics

In other news, VP Mark Rayha sold 4,370 shares of the company’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 transaction of $1,524,212.30. Following the completion of the transaction, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Paddock sold 20,360 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of 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. The SEC filing for this sale provides additional information. Insiders own 1.50% of the company’s stock.

General Dynamics 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.