BTC Capital Management Inc. Buys 3,557 Shares of General Dynamics Corporation $GD

BTC Capital Management Inc. grew its stake in General Dynamics Corporation (NYSE:GD) by 48.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,929 shares of the aerospace company’s stock after buying an additional 3,557 shares during the period. BTC Capital Management Inc.’s holdings in General Dynamics were worth $3,726,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its holdings in General Dynamics by 1.1% in the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after purchasing an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of General Dynamics by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after buying an additional 691,340 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of General Dynamics by 0.4% during the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after buying an additional 9,283 shares during the period. Franklin Resources Inc. grew its stake in General Dynamics by 2.5% in the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock valued at $499,377,000 after buying an additional 41,349 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in General Dynamics by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock worth $466,320,000 after acquiring an additional 16,459 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $347.83 on Friday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70. The company has a market capitalization of $94.05 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.03 and a beta of 0.41. The stock has a 50 day moving average of $350.49 and a two-hundred day moving average of $338.00. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The business had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.General Dynamics’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 16th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.83%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GD. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price target on shares of General Dynamics in a report on Monday, January 12th. Morgan Stanley increased their target price on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Wolfe Research raised their target price on General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, January 12th. JPMorgan Chase & Co. upped their price target on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Finally, Argus raised their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $375.47.

Insider Buying and Selling at General Dynamics

In other news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

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.