General Dynamics Corporation $GD Stake Reduced by Shell Asset Management Co.

Shell Asset Management Co. cut its stake in General Dynamics Corporation (NYSE:GD) by 46.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,657 shares of the aerospace company’s stock after selling 3,124 shares during the period. Shell Asset Management Co.’s holdings in General Dynamics were worth $1,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in General Dynamics by 1.1% during the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock valued at $3,249,220,000 after purchasing an additional 119,664 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of General Dynamics by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after buying an additional 691,340 shares during the last quarter. Invesco Ltd. boosted its position in shares of General Dynamics by 0.4% during the second 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 holdings 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 worth $499,377,000 after buying an additional 41,349 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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 valued at $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.

Wall Street Analyst Weigh In

GD has been the subject of several recent analyst reports. Wolfe Research increased their price target on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. BNP Paribas Exane decreased their target price on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, Morgan Stanley boosted their target price on General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $375.47.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the transaction, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

General Dynamics Price Performance

Shares of NYSE:GD opened at $347.83 on Monday. The company has a market capitalization of $94.05 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.08 and a beta of 0.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The stock has a fifty day moving average of $350.49 and a 200-day moving average of $338.34. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70.

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

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s payout ratio is 38.83%.

General Dynamics Company 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.