Stevens Capital Management LP Invests $928,000 in General Dynamics Corporation $GD

Stevens Capital Management LP purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,720 shares of the aerospace company’s stock, valued at approximately $928,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of General Dynamics by 140.2% during the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares during the period. Sivia Capital Partners LLC bought a new position in shares of General Dynamics during the second quarter valued at approximately $240,000. Ethic Inc. boosted its holdings in General Dynamics by 9.8% in the second quarter. Ethic Inc. now owns 9,310 shares of the aerospace company’s stock valued at $2,707,000 after acquiring an additional 829 shares in the last quarter. Finally, Carnegie Investment Counsel increased its position in General Dynamics by 9.5% during the 2nd quarter. Carnegie Investment Counsel now owns 9,493 shares of the aerospace company’s stock valued at $2,769,000 after purchasing an additional 822 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on GD. Citigroup lifted their price objective on General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Susquehanna reiterated a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Thursday, January 22nd. TD Cowen increased their price target on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Wolfe Research lifted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.26.

Insiders Place Their Bets

In other news, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the sale, the vice president owned 7,936 shares of the company’s stock, valued at $2,767,997.44. This represents a 35.51% 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 David Paddock sold 20,360 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was 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 approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

GD opened at $351.26 on Friday. The company’s 50-day simple moving average is $351.58 and its two-hundred day simple moving average is $339.46. 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 market capitalization of $94.98 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.10 and a beta of 0.41. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70.

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

General Dynamics Dividend Announcement

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

General Dynamics 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.