3,206 Shares in General Dynamics Corporation $GD Bought by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp bought a new position in General Dynamics Corporation (NYSE:GD) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,206 shares of the aerospace company’s stock, valued at approximately $1,093,000.

A number of other hedge funds have also recently made changes to their positions in GD. Dunhill Financial LLC increased its stake in shares of General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in General Dynamics during the 3rd quarter worth approximately $26,000. Louisbourg Investments Inc. bought a new stake in General Dynamics during the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in General Dynamics during the 3rd quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new position in General Dynamics in the 3rd quarter valued at approximately $33,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of NYSE GD opened at $354.57 on Tuesday. The company has a market capitalization of $95.87 billion, a PE ratio of 22.95, a P/E/G ratio of 2.10 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70. The firm has a fifty day simple moving average of $356.33 and a 200 day simple moving average of $344.03.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The business had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter in the prior year, the firm posted $4.15 earnings per share. 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. On average, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be paid a dividend of $1.59 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, April 10th. General Dynamics’s payout ratio is 38.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GD shares. BNP Paribas Exane cut their price target on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Bank of America restated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their target price on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a research report on Monday, January 12th. Finally, Morgan Stanley increased their price target on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.26.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark Lagrand Burns sold 10,153 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the completion of the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,834,176.25. This trade represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of General Dynamics stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $15,825,134.50. This represents a 7.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,620 shares of company stock valued at $24,952,942 over the last ninety days. Insiders own 1.50% of the company’s stock.

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.