General Dynamics (NYSE:GD) EVP Mark Lagrand Burns Sells 10,153 Shares

General Dynamics Corporation (NYSE:GD) EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the completion of the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,834,176.25. The trade was a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

General Dynamics Stock Down 1.1%

Shares of General Dynamics stock traded down $3.93 on Friday, reaching $351.30. The company’s stock had a trading volume of 984,943 shares, compared to its average volume of 1,404,931. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The firm’s fifty day simple moving average is $356.20 and its two-hundred day simple moving average is $343.33. 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 company has a market capitalization of $94.99 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.11 and a beta of 0.39.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 return on equity of 17.57% and a net margin of 8.01%.The company had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. During the same period last year, the company earned $4.15 EPS. General Dynamics’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. Equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be issued a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is presently 38.83%.

Institutional Investors Weigh In On General Dynamics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GD. Dunhill Financial LLC lifted its position in General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of General Dynamics in the 3rd quarter valued at about $25,000. Dagco Inc. bought a new position in shares of General Dynamics in the 4th quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in General Dynamics in the third quarter worth about $26,000. Finally, Burkett Financial Services LLC increased its stake in General Dynamics by 650.0% during the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GD has been the subject of a number of research reports. TD Cowen boosted their target price on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Jefferies Financial Group increased their target price on General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Citigroup boosted their price target on General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. BNP Paribas Exane lowered their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $376.26.

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.