General Dynamics Corporation $GD Stock Holdings Raised by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,529 shares of the aerospace company’s stock after purchasing an additional 2,267 shares during the period. NorthCrest Asset Manangement LLC’s holdings in General Dynamics were worth $23,655,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Chesapeake Asset Management LLC increased its holdings in General Dynamics by 2.6% in the fourth quarter. Chesapeake Asset Management LLC now owns 1,407 shares of the aerospace company’s stock valued at $474,000 after buying an additional 35 shares during the last quarter. Gryphon Financial Partners LLC lifted its holdings in General Dynamics by 13.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,433 shares of the aerospace company’s stock worth $819,000 after buying an additional 292 shares during the last quarter. Genesis Private Wealth LLC lifted its holdings in General Dynamics by 17.6% during the 4th quarter. Genesis Private Wealth LLC now owns 842 shares of the aerospace company’s stock worth $283,000 after buying an additional 126 shares during the last quarter. Wedmont Private Capital grew its position in shares of General Dynamics by 2.7% in the 4th quarter. Wedmont Private Capital now owns 3,076 shares of the aerospace company’s stock worth $1,063,000 after acquiring an additional 80 shares in the last quarter. Finally, Occidental Asset Management LLC bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $296,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 3,819 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. The trade was a 7.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $271,394,759.13. This trade represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,260 shares of company stock valued at $18,133,971 in the last quarter. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Down 1.3%

General Dynamics stock opened at $345.12 on Friday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The stock has a market cap of $93.32 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.06 and a beta of 0.39. The company’s 50-day moving average price is $356.19 and its two-hundred day moving average price is $344.64. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $13.77 billion. During the same period last year, the firm posted $4.15 earnings per share. The business’s 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. On average, analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, April 10th. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio is 38.83%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GD. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Jefferies Financial Group boosted their target price on shares of General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Wolfe Research raised their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a report on Monday, January 12th. Finally, Citigroup boosted their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company 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 issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $376.26.

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.