General Dynamics Corporation $GD Shares Newly Purchased by Randolph Co Inc

Randolph Co Inc purchased a new stake in General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 123,192 shares of the aerospace company’s stock, valued at approximately $40,879,000. General Dynamics accounts for 3.2% of Randolph Co Inc’s holdings, making the stock its 12th largest position.

A number of other institutional investors have also modified their holdings of the business. Oxford Financial Group LTD. LLC lifted its holdings in General Dynamics by 1.9% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock worth $505,000 after acquiring an additional 26 shares during the last quarter. Willner & Heller LLC boosted its stake in General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after acquiring an additional 28 shares during the period. Meriwether Wealth & Planning LLC grew its holdings in shares of General Dynamics by 0.8% during the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after purchasing an additional 28 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in shares of General Dynamics by 0.6% during the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock valued at $1,612,000 after purchasing an additional 29 shares during the last quarter. Finally, Klingman & Associates LLC raised its position in shares of General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 30 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Marguerite Gilliland sold 43,180 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,188 shares of company stock valued at $38,627,265 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

NYSE GD opened at $349.29 on Monday. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The stock has a market cap of $94.50 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.04 and a beta of 0.33. The company has a 50-day moving average price of $353.71 and a two-hundred day moving average price of $355.02.

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

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Analyst Upgrades and Downgrades

GD has been the topic of several recent research reports. Morgan Stanley raised their price target on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Jefferies Financial Group boosted their price objective on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Monday, September 28th. Robert W. Baird set a $430.00 target price on General Dynamics in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein cut their target price on General Dynamics from $407.00 to $365.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $402.32.

General Dynamics 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.