General Dynamics Corporation $GD Stake Increased by MBL Wealth LLC

MBL Wealth LLC increased its position in shares of General Dynamics Corporation (NYSE:GD) by 88.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,051 shares of the aerospace company’s stock after acquiring an additional 1,434 shares during the quarter. MBL Wealth LLC’s holdings in General Dynamics were worth $1,012,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Old North State Wealth Management LLC raised its stake in shares of General Dynamics by 4.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 3,589 shares of the aerospace company’s stock valued at $1,194,000 after acquiring an additional 157 shares during the period. Virtue Asset Management LLC lifted its position in shares of General Dynamics by 4.1% during the 3rd quarter. Virtue Asset Management LLC now owns 5,073 shares of the aerospace company’s stock worth $1,683,000 after purchasing an additional 198 shares during the last quarter. NBT Bank N.A. purchased a new position in shares of General Dynamics in the 3rd quarter valued at about $6,520,000. Root Financial Partners LLC acquired a new stake in General Dynamics during the third quarter worth approximately $194,000. Finally, SBI Securities Co. Ltd. lifted its position in General Dynamics by 3.5% in the third quarter. SBI Securities Co. Ltd. now owns 1,933 shares of the aerospace company’s stock valued at $641,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, EVP Marguerite Gilliland sold 43,180 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was 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 $16,923,716.68. The trade was a 49.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly 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. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 102,188 shares of company stock worth $38,627,265. Company insiders own 1.40% of the company’s stock.

General Dynamics Stock Down 0.4%

GD stock opened at $349.29 on Friday. The company has a market cap of $94.50 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.05 and a beta of 0.33. The company has a fifty day moving average price of $353.71 and a 200 day moving average price of $354.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. 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 data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $13.52 billion. During the same period last year, the firm posted $3.74 EPS. General Dynamics’s revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.99 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. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 38.80%.

Analyst Ratings Changes

Several research firms have issued reports on GD. Wells Fargo & Company upped their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Citigroup cut their target price on General Dynamics from $404.00 to $374.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Susquehanna boosted their target price on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Bank of America upped their target price on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $402.32.

General Dynamics Company Profile

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.