General Dynamics Corporation $GD Stock Bought by Courier Capital LLC

Courier Capital LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 98.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,058 shares of the aerospace company’s stock after purchasing an additional 6,467 shares during the period. Courier Capital LLC’s holdings in General Dynamics were worth $4,333,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Whipplewood Advisors LLC lifted its holdings in General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after buying an additional 69 shares during the period. Wellington Altus USA Inc. increased its stake in shares of General Dynamics by 77.8% in the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock valued at $27,000 after buying an additional 35 shares during the period. Downshift Financial LLC increased its stake in shares of General Dynamics by 134.3% in the third quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after buying an additional 47 shares during the period. Paladin Partners LLC acquired a new stake in shares of General Dynamics in the second quarter valued at about $30,000. Finally, Scarborough Advisors LLC bought a new position in shares of General Dynamics during the first quarter worth about $29,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GD shares. Citigroup cut their price objective on General Dynamics from $404.00 to $374.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. TD Cowen decreased their target price on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group raised their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Royal Bank Of Canada upped their price objective on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $407.16.

General Dynamics Trading Down 0.8%

Shares of General Dynamics stock traded down $2.74 on Tuesday, reaching $332.72. 1,284,012 shares of the company’s stock were exchanged, compared to its average volume of 1,300,901. The company has a market capitalization of $90.02 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.91 and a beta of 0.33. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The firm’s 50-day moving average is $361.42 and its two-hundred day moving average is $355.30.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the previous year, the business posted $3.74 EPS. General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts predict that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Steel sold 7,440 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of the sale, the director owned 3,096 shares of the company’s stock, valued at approximately $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 102,188 shares of company stock valued at $38,627,265. Corporate insiders own 1.40% of the company’s stock.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.