Citizens Financial Group Inc. RI Invests $2.77 Million in General Dynamics Corporation $GD

Citizens Financial Group Inc. RI acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,832 shares of the aerospace company’s stock, valued at approximately $2,774,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Vanguard Group Inc. lifted its stake in General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after purchasing an additional 528,769 shares during the last quarter. BlackRock Inc. purchased a new position in shares of General Dynamics in the 2nd quarter worth about $6,840,590,000. State Street Corp increased its position in shares of General Dynamics by 2.7% during the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after purchasing an additional 294,456 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of General Dynamics by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after buying an additional 195,604 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of General Dynamics by 2.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock valued at $1,786,786,000 after buying an additional 114,647 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on GD shares. Morgan Stanley upped their target price on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group lowered their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Bank of America lifted their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $410.89.

General Dynamics Price Performance

GD opened at $390.67 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $371.16 and its 200 day simple moving average is $354.81. The firm has a market cap of $105.70 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.29 and a beta of 0.32. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the prior year, the firm posted $3.74 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

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.