10,119 General Dynamics Corporation $GD Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,769 shares of the aerospace company’s stock after selling 10,119 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in General Dynamics were worth $62,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GD. 55 North Private Wealth LLC lifted its stake in shares of General Dynamics by 8.1% in the 3rd quarter. 55 North Private Wealth LLC now owns 1,157 shares of the aerospace company’s stock worth $384,000 after acquiring an additional 87 shares during the period. Norway Savings Bank boosted its holdings in shares of General Dynamics by 0.9% in the third quarter. Norway Savings Bank now owns 4,141 shares of the aerospace company’s stock valued at $1,374,000 after acquiring an additional 35 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of General Dynamics by 16.6% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,405 shares of the aerospace company’s stock valued at $466,000 after acquiring an additional 200 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of General Dynamics by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,307 shares of the aerospace company’s stock worth $11,052,000 after acquiring an additional 375 shares during the period. Finally, CFS Investment Advisory Services LLC increased its stake in shares of General Dynamics by 1.5% during the third quarter. CFS Investment Advisory Services LLC now owns 7,058 shares of the aerospace company’s stock worth $2,339,000 after acquiring an additional 107 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Steel sold 7,440 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the sale, the director owned 3,096 shares in the company, valued at $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 102,188 shares of company stock worth $38,627,265. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on GD shares. Royal Bank Of Canada cut their price target on shares of General Dynamics from $410.00 to $360.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Wells Fargo & Company lifted their price objective on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Sanford C. Bernstein dropped their target price on General Dynamics from $407.00 to $365.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 14th. BNP Paribas Exane increased their target price on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $402.32.

General Dynamics Stock Performance

NYSE GD opened at $350.31 on Friday. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The company has a market capitalization of $94.78 billion, a P/E ratio of 21.37, a PEG ratio of 2.02 and a beta of 0.33. The business has a 50 day moving average price of $354.64 and a 200 day moving average price of $355.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. General Dynamics’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s payout ratio is presently 38.80%.

General Dynamics Profile

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.