6,848 Shares in General Dynamics Corporation $GD Bought by Trust Co. of Vermont

Trust Co. of Vermont purchased a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,848 shares of the aerospace company’s stock, valued at approximately $2,426,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after acquiring an additional 528,769 shares in the last quarter. State Street Corp lifted its position in General Dynamics by 2.7% in the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after acquiring an additional 294,456 shares in the last quarter. Geode Capital Management LLC boosted its stake in General Dynamics by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after purchasing an additional 195,604 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in General Dynamics by 2.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock valued at $1,786,786,000 after purchasing an additional 114,647 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in General Dynamics by 3.3% during the 4th quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company’s stock worth $1,159,273,000 after purchasing an additional 110,536 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Performance

GD stock opened at $390.67 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm has a market cap of $105.70 billion, a PE ratio of 23.84, a P/E/G ratio of 2.29 and a beta of 0.33. The business has a 50 day moving average of $371.16 and a 200-day moving average of $354.81. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period last year, the company posted $3.74 earnings per share. General Dynamics’s quarterly revenue 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. As a group, sell-side analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is presently 38.80%.

Insider Transactions at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,228 shares of company stock worth $38,052,853 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of a number of recent research reports. Citigroup raised their target price on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Robert W. Baird set a $430.00 price target on General Dynamics in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. The Goldman Sachs Group cut their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a report on Monday, May 4th. Finally, Jefferies Financial Group upped their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

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.