Confluence Investment Management LLC Decreases Position in General Dynamics Corporation $GD

Confluence Investment Management LLC cut its holdings in General Dynamics Corporation (NYSE:GD) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 76,437 shares of the aerospace company’s stock after selling 3,289 shares during the period. Confluence Investment Management LLC’s holdings in General Dynamics were worth $25,733,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Dunhill Financial LLC increased its holdings 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 worth $25,000 after buying an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in General Dynamics during the 3rd quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in General Dynamics during the 3rd quarter valued at about $26,000. Burkett Financial Services LLC grew its position in General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Finally, Louisbourg Investments Inc. purchased a new position in General Dynamics in the 3rd quarter worth approximately $27,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GD has been the subject of several recent research reports. Citigroup boosted their price objective on General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Argus lifted their target price on shares of General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Thursday, January 22nd. TD Cowen increased their price target on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Susquehanna reissued a “positive” rating and issued a $420.00 price target on shares of General Dynamics in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $376.26.

General Dynamics Price Performance

GD stock opened at $349.49 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The firm has a 50-day moving average of $356.36 and a 200 day moving average of $344.36. The company has a market cap of $94.50 billion, a P/E ratio of 22.62, a PEG ratio of 2.10 and a beta of 0.39.

General Dynamics (NYSE:GD) last posted its earnings results 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 the consensus estimate of $13.77 billion. During the same quarter in the prior year, the business earned $4.15 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is currently 38.83%.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 3,819 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Lagrand Burns sold 10,153 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total value of $3,603,807.35. Following the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at $13,834,176.25. This represents a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,260 shares of company stock valued at $18,133,971 in the last three months. Company insiders own 1.50% of the company’s stock.

General Dynamics Company Profile

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.