10,775 General Dynamics Corporation $GD Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in General Dynamics Corporation (NYSE:GD) by 233.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,381 shares of the aerospace company’s stock after buying an additional 10,775 shares during the period. Sterling Capital Management LLC’s holdings in General Dynamics were worth $5,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in General Dynamics during the 2nd quarter valued at approximately $6,840,590,000. State Street Corp boosted its holdings in shares of General Dynamics by 3.3% in the 2nd quarter. State Street Corp now owns 11,811,099 shares of the aerospace company’s stock valued at $4,183,964,000 after acquiring an additional 374,682 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of General Dynamics in the 2nd quarter valued at $2,603,527,000. Corient Private Wealth LP increased its stake in shares of General Dynamics by 806.3% in the second quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company’s stock worth $588,641,000 after acquiring an additional 1,478,353 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of General Dynamics by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,579,959 shares of the aerospace company’s stock worth $542,274,000 after acquiring an additional 28,249 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

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

General Dynamics Trading Down 0.4%

Shares of NYSE:GD opened at $349.29 on Friday. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The company has a market capitalization of $94.50 billion, a PE ratio of 21.31, a PEG ratio of 2.04 and a beta of 0.33. The business has a 50 day moving average of $353.71 and a two-hundred day moving average of $354.99. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, analysts forecast that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.

Analyst Ratings Changes

Several research analysts recently issued reports on GD shares. Royal Bank Of Canada reduced their target price 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 upped their price target on shares of 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 lowered their price target on shares of General Dynamics from $407.00 to $365.00 and set a “market perform” rating on the stock in a report on Wednesday, October 14th. Jefferies Financial Group increased their price target on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Bank of America lifted their price objective on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $402.32.

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.