General Dynamics Corporation $GD Stock Holdings Trimmed by American National Bank & Trust

American National Bank & Trust lowered its stake in shares of General Dynamics Corporation (NYSE:GD) by 6.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,311 shares of the aerospace company’s stock after selling 2,307 shares during the quarter. American National Bank & Trust’s holdings in General Dynamics were worth $11,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of General Dynamics during the 2nd quarter worth $6,840,590,000. Bank of America Corp DE acquired a new stake in General Dynamics during the second quarter worth about $2,603,527,000. Corient Private Wealth LP purchased a new position in General Dynamics during the second quarter worth about $57,986,000. Bank of New York Mellon Corp purchased a new position in General Dynamics during the second quarter worth about $429,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in General Dynamics in the 2nd quarter valued at about $224,983,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director owned 3,096 shares in the company, valued at $1,071,370.80. This represents a 70.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 102,188 shares of company stock worth $38,627,265. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group upped their price objective on General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a report on Tuesday, September 8th. Bank of America lifted their target price on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $384.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Monday, September 28th. Finally, Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $410.84.

General Dynamics Trading Down 1.2%

NYSE GD traded down $3.90 on Wednesday, reaching $327.43. The stock had a trading volume of 253,016 shares, compared to its average volume of 1,291,145. The firm has a market capitalization of $88.59 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.91 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The stock has a fifty day moving average price of $366.69 and a two-hundred day moving average price of $355.90.

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

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio is currently 38.80%.

General Dynamics Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.