2,619 General Dynamics Corporation $GD Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 73.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 949 shares of the aerospace company’s stock after selling 2,619 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in General Dynamics were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC boosted its holdings in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Wellington Altus USA Inc. boosted its holdings in General Dynamics by 77.8% in the 2nd quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 35 shares during the period. Downshift Financial LLC boosted its position in General Dynamics by 134.3% in the 3rd 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 last quarter. Paladin Partners LLC acquired a new stake in General Dynamics in the second quarter valued at $30,000. Finally, Scarborough Advisors LLC acquired a new position in General Dynamics in the first quarter worth about $29,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.8%

Shares of GD traded up $2.50 during trading hours on Wednesday, reaching $334.92. The company’s stock had a trading volume of 358,057 shares, compared to its average volume of 1,295,960. The company has a 50 day moving average of $361.42 and a two-hundred day moving average of $355.30. 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 $90.62 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.94 and a beta of 0.33. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00.

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

General Dynamics Announces Dividend

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

Insider Buying and Selling

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the transaction, the director directly owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marguerite 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 value of $16,323,767.20. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 102,188 shares of company stock worth $38,627,265. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent research reports. 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. Citigroup reduced their price objective on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. BNP Paribas Exane raised their price objective on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their target price on General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their target price on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. One research 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. According to MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $404.95.

General Dynamics Company Profile

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.