5,527 Shares in General Dynamics Corporation $GD Purchased by Matrix Trust Co

Matrix Trust Co acquired a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,527 shares of the aerospace company’s stock, valued at approximately $1,861,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. Dunhill Financial LLC raised its position in shares of General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in General Dynamics in the 3rd quarter worth approximately $25,000. Dagco Inc. bought a new position in General Dynamics in the 4th quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in General Dynamics in the 3rd quarter valued at approximately $26,000. Finally, Burkett Financial Services LLC raised its holdings in General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 65 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $11,655,934.62. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 51,260 shares of company stock worth $18,133,971. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.7%

GD opened at $355.10 on Friday. The firm has a market capitalization of $96.01 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.39. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The company has a fifty day moving average price of $355.06 and a 200-day moving average price of $345.26. 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 quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be given a dividend of $1.59 per share. This is a boost 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 dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 41.17%.

Analysts Set New Price Targets

GD has been the topic of several recent research reports. Jefferies Financial Group increased their target price on General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. TD Cowen increased their price objective on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Susquehanna restated a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a research note on Thursday, January 15th. Finally, BNP Paribas Exane reduced their target price on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a 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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $376.26.

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.