Pinkerton Wealth LLC Increases Stock Holdings in General Dynamics Corporation $GD

Pinkerton Wealth LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 16.3% during the third quarter, Holdings Channel reports. The firm owned 9,898 shares of the aerospace company’s stock after purchasing an additional 1,389 shares during the period. Pinkerton Wealth LLC’s holdings in General Dynamics were worth $3,375,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GD. Fieldview Capital Management LLC purchased a new stake in General Dynamics in the third quarter valued at $2,593,000. Aull & Monroe Investment Management Corp grew its holdings in shares of General Dynamics by 26.6% during the third quarter. Aull & Monroe Investment Management Corp now owns 1,522 shares of the aerospace company’s stock worth $519,000 after purchasing an additional 320 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of General Dynamics by 4.5% during the third quarter. Russell Investments Group Ltd. now owns 404,472 shares of the aerospace company’s stock worth $137,851,000 after purchasing an additional 17,290 shares in the last quarter. Inceptionr LLC purchased a new stake in shares of General Dynamics in the 3rd quarter valued at about $759,000. Finally, Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of General Dynamics by 6.4% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,805 shares of the aerospace company’s stock valued at $616,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction on Friday, February 13th. The shares were 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 owned 7,936 shares in the company, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their position. 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 firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the sale, the vice president owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GD shares. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price target on shares of General Dynamics in a research note on Monday, January 12th. Bank of America reiterated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Friday, January 30th. UBS Group set a $393.00 target price on shares of General Dynamics in a research report on Thursday, January 29th. Susquehanna reaffirmed a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a report on Thursday, January 15th. Finally, BNP Paribas Exane reduced their price target on shares of 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 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $376.26.

General Dynamics Stock Down 0.2%

GD opened at $362.63 on Tuesday. The business has a 50 day moving average price of $355.16 and a two-hundred day moving average price of $342.91. 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 company has a market cap of $98.05 billion, a PE ratio of 23.47, a P/E/G ratio of 2.17 and a beta of 0.39. 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, beating the consensus estimate of $4.11 by $0.06. The company had revenue of $14.38 billion for the quarter, compared to the consensus estimate of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a $1.59 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s payout ratio is 38.83%.

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.