Woodmont Investment Counsel LLC increased its holdings in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 152.7% during the 4th quarter, HoldingsChannel reports. The firm owned 16,746 shares of the aerospace company’s stock after purchasing an additional 10,120 shares during the period. Woodmont Investment Counsel LLC’s holdings in General Dynamics were worth $5,638,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of GD. AQR Capital Management LLC lifted its holdings in shares of General Dynamics by 118.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after purchasing an additional 901,679 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of General Dynamics by 35.0% during the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after purchasing an additional 863,392 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of General Dynamics by 3,306.5% during the 3rd quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock valued at $297,029,000 after purchasing an additional 845,482 shares in the last quarter. Ameriprise Financial Inc. raised its position in General Dynamics by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after buying an additional 691,340 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in General Dynamics by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after buying an additional 677,665 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.
General Dynamics Stock Up 0.5%
GD stock opened at $350.05 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 firm has a market capitalization of $94.81 billion, a PE ratio of 22.66, a PEG ratio of 2.08 and a beta of 0.38. General Dynamics Corporation has a 1-year low of $249.92 and a 1-year high of $369.70. The business’s 50 day simple moving average is $352.15 and its 200 day simple moving average is $346.83.
General Dynamics Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be issued a $1.59 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s payout ratio is currently 38.83%.
Insider Buying and Selling
In other news, CEO Phebe N. Novakovic sold 32,918 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $271,394,759.13. This represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lagrand Burns sold 10,153 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total value of $3,603,807.35. Following the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,834,176.25. This trade represents a 20.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 51,260 shares of company stock valued at $18,133,971. Company insiders own 1.50% of the company’s stock.
Wall Street Analysts Forecast Growth
GD has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft lowered General Dynamics from a “buy” rating to a “hold” rating and set a $387.00 price target on the stock. in a research report on Wednesday. Argus boosted their price target on General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Bank of America reaffirmed a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Friday, January 30th. Finally, Jefferies Financial Group lowered their price target on General Dynamics from $385.00 to $380.00 and set a “hold” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $384.53.
Get Our Latest Stock Report on GD
Key Headlines Impacting General Dynamics
Here are the key news stories impacting General Dynamics this week:
- Positive Sentiment: Large Navy contract strengthens long-term backlog and revenue visibility: coverage notes highlight a US$15.38 billion Navy contract modification related to the Columbia‑class submarine program, underscoring durable, high‑margin submarine work that supports GD’s long‑term defense revenue profile. A Look At General Dynamics (GD) Valuation After Wells Fargo Coverage And Major Navy Contract Win
- Positive Sentiment: New $450 million Marine Corps contract for a reconnaissance vehicle adds near‑term funded work and supports revenue growth for the land systems segment. General Dynamics wins $450M Marine Corps contract for reconnaissance vehicle
- Positive Sentiment: Bullish analyst action: BNP Paribas Exane raised its price target to $430 and maintains an outperform stance, signaling upside to consensus and supporting investor sentiment. BNP Paribas adjusts General Dynamics price target to $430
- Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and a $400 target, adding institutional research coverage and another supportive price projection. Wells Fargo Initiates Coverage on General Dynamics Corporation (GD) with Overweight Rating
- Neutral Sentiment: Sector context — mixed market reaction after an announced Iran cease‑fire: broader defense names are trading unevenly as investors reassess the geopolitical premium in defense stocks. This could temper momentum for GD despite company‑specific wins. Defense Stocks Mixed After Iran Cease-Fire. Who’s Winning and Who’s Losing.
- Neutral Sentiment: Broader defense ETF weakness and investor caution around the Iran conflict have pressured sector multiples; this macro/market backdrop can cap upside even with strong contract news. Defense Stocks Fall. Why They Haven’t Had a Iran War Surge and What Can Drive Gains.
- Negative Sentiment: Analyst caution: Deutsche Bank downgraded GD to Hold, signaling some skepticism on further near‑term upside despite a still‑elevated price target; divergent analyst views can introduce volatility. General Dynamics Downgraded to Hold at Deutsche Bank
- Negative Sentiment: Jefferies trimmed expectations and cut its price target (reports show reductions from prior levels), reflecting some analyst trimming after recent gains — a headwind for momentum if other shops follow. Jefferies Financial Group Has Lowered Expectations for General Dynamics (NYSE:GD) Stock Price Jefferies lowers price target (Benzinga)
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.
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