Rhumbline Advisers Sells 3,778 Shares of General Dynamics Corporation $GD

Rhumbline Advisers trimmed its holdings in General Dynamics Corporation (NYSE:GD) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 485,173 shares of the aerospace company’s stock after selling 3,778 shares during the period. Rhumbline Advisers’ holdings in General Dynamics were worth $165,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of General Dynamics during the 3rd quarter valued at $26,000. Louisbourg Investments Inc. bought a new stake in shares of General Dynamics during the third quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of General Dynamics by 80.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 49 shares in the last quarter. NewSquare Capital LLC increased its holdings in General Dynamics by 64.7% during the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 44 shares during the period. Finally, Financial Consulate Inc. bought a new position in General Dynamics in the 3rd quarter valued at $40,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GD shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a report on Monday, January 12th. Citigroup upped their price objective on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. TD Cowen lifted their price target on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $375.47.

Insider Activity at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $346.81 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $350.28 and a 200-day moving average price of $337.73. The company has a market cap of $93.78 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.14 and a beta of 0.41. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period last year, the company earned $4.15 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were issued a $1.50 dividend. The ex-dividend date was Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is 38.83%.

About General Dynamics

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.