Mitsubishi UFJ Asset Management Co. Ltd. Acquires 19,928 Shares of General Dynamics Corporation $GD

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,746 shares of the aerospace company’s stock after purchasing an additional 19,928 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in General Dynamics were worth $173,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC raised its holdings in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares during the period. Acadian Asset Management LLC raised its holdings in shares of General Dynamics by 140.2% during the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after acquiring an additional 2,011 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of General Dynamics during the second quarter worth $240,000. Ashton Thomas Private Wealth LLC lifted its position in General Dynamics by 3.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 1,661 shares of the aerospace company’s stock valued at $484,000 after acquiring an additional 51 shares in the last quarter. Finally, Howard Capital Management Inc. increased its holdings in General Dynamics by 13.6% during the 2nd quarter. Howard Capital Management Inc. now owns 1,420 shares of the aerospace company’s stock worth $414,000 after purchasing an additional 170 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on GD. BNP Paribas Exane cut their price target on General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Argus boosted their price objective on shares of General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Citigroup raised their target price 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. UBS Group set a $393.00 price target on shares of General Dynamics in a research report on Thursday, January 29th. Finally, Morgan Stanley increased their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating 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, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.26.

General Dynamics Stock Performance

Shares of GD stock opened at $350.72 on Friday. The company has a fifty day moving average price of $352.42 and a two-hundred day moving average price of $340.24. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The stock has a market cap of $94.83 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.05 and a beta of 0.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89.

General Dynamics (NYSE:GD) last issued its 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. 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 for the quarter, compared to analysts’ expectations of $13.77 billion. During the same period in the prior year, the firm earned $4.15 EPS. General Dynamics’s quarterly 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. As a group, equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 16th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.83%.

Insider Activity 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 transaction of $1,524,212.30. Following the transaction, the vice president directly owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. The trade was a 35.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value 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 position. 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.