Pzena Investment Management LLC Raises Stock Position in General Dynamics Corporation $GD

Pzena Investment Management LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 293,443 shares of the aerospace company’s stock after acquiring an additional 1,907 shares during the period. Pzena Investment Management LLC’s holdings in General Dynamics were worth $100,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gold Investment Management Ltd. increased its holdings in General Dynamics by 73.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock worth $3,649,000 after purchasing an additional 4,532 shares during the last quarter. Davis Capital Management acquired a new position in General Dynamics during the 3rd quarter worth $1,007,000. Envestnet Asset Management Inc. raised its stake in shares of General Dynamics by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock valued at $312,842,000 after purchasing an additional 32,262 shares in the last quarter. Rockland Trust Co. lifted its position in shares of General Dynamics by 703.4% during the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock worth $3,597,000 after purchasing an additional 9,235 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in General Dynamics by 20.9% in the second quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after buying an additional 51,655 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of GD stock opened at $349.36 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The firm has a market cap of $94.46 billion, a P/E ratio of 22.61, a PEG ratio of 2.05 and a beta of 0.41. The stock’s 50-day moving average is $351.04 and its two-hundred day moving average is $338.90. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70.

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

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were given a $1.50 dividend. 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 currently 38.83%.

Insider Buying and Selling at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction on 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 completion of the transaction, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GD shares. BNP Paribas Exane decreased their target price on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. UBS Group set a $393.00 target price on shares of General Dynamics in a research note on Thursday, January 29th. Morgan Stanley raised their price target on shares of General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Susquehanna restated a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a research note on Thursday, January 15th. Finally, Citigroup upped their price target on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.47.

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.