Xponance Inc. Sells 2,840 Shares of General Dynamics Corporation $GD

Xponance Inc. decreased its holdings in shares of General Dynamics Corporation (NYSE:GD) by 8.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,767 shares of the aerospace company’s stock after selling 2,840 shares during the quarter. Xponance Inc.’s holdings in General Dynamics were worth $11,174,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Integrated Advisors Network LLC increased its stake in General Dynamics by 2.7% in the third quarter. Integrated Advisors Network LLC now owns 2,487 shares of the aerospace company’s stock worth $848,000 after purchasing an additional 65 shares during the period. Choreo LLC grew its holdings in shares of General Dynamics by 6.9% in the third quarter. Choreo LLC now owns 8,555 shares of the aerospace company’s stock worth $2,917,000 after purchasing an additional 552 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in General Dynamics by 1.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 5,649 shares of the aerospace company’s stock worth $1,927,000 after buying an additional 92 shares during the period. Advisor OS LLC lifted its holdings in General Dynamics by 14.0% during the 3rd quarter. Advisor OS LLC now owns 1,073 shares of the aerospace company’s stock valued at $366,000 after buying an additional 132 shares in the last quarter. Finally, Westpac Banking Corp grew its stake in General Dynamics by 78.8% in the 3rd quarter. Westpac Banking Corp now owns 2,437 shares of the aerospace company’s stock worth $831,000 after acquiring an additional 1,074 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GD. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Wolfe Research upped their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Argus raised their target price on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Bank of America reiterated a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $376.26.

Insider Transactions at General Dynamics

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

General Dynamics Trading Up 1.8%

NYSE GD opened at $356.89 on Friday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The company has a 50 day moving average price of $352.76 and a 200 day moving average price of $340.53. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The firm has a market cap of $96.50 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.41.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (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 business had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period in the previous year, the company earned $4.15 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS 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 issued 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 dividend payout ratio (DPR) is currently 38.83%.

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.