Cullen Capital Management LLC Sells 20,968 Shares of General Dynamics Corporation $GD

Cullen Capital Management LLC trimmed its stake in General Dynamics Corporation (NYSE:GD) by 2.8% in the third quarter, HoldingsChannel.com reports. The fund owned 721,016 shares of the aerospace company’s stock after selling 20,968 shares during the quarter. General Dynamics comprises approximately 2.7% of Cullen Capital Management LLC’s portfolio, making the stock its 9th biggest position. Cullen Capital Management LLC’s holdings in General Dynamics were worth $245,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Crowley Wealth Management Inc. boosted its stake in shares of General Dynamics by 1.4% during the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after purchasing an additional 30 shares during the last quarter. 1858 Wealth Management LLC boosted its position in General Dynamics by 1.0% during the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after acquiring an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC grew its stake in General Dynamics by 0.5% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after acquiring an additional 33 shares during the period. Gilbert & Cook Inc. raised its holdings in General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after acquiring an additional 33 shares during the last quarter. Finally, Columbus Macro LLC lifted its stake in shares of General Dynamics by 0.4% during the 3rd quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock worth $2,948,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GD. Argus lifted their price objective on General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. TD Cowen lifted their price target on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. BNP Paribas Exane cut their price objective 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. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a report on Monday, October 27th. Finally, UBS Group set a $393.00 price target on shares of General Dynamics in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $375.47.

Insider Buying and Selling at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

General Dynamics Stock Down 0.7%

Shares of NYSE:GD opened at $352.79 on Thursday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The stock has a 50-day simple moving average of $348.47 and a 200-day simple moving average of $336.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The stock has a market capitalization of $95.39 billion, a P/E ratio of 22.83, a PEG ratio of 2.12 and a beta of 0.41.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share 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 firm had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same period in the previous year, the company posted $4.15 earnings per share. General Dynamics’s 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. Equities analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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

General Dynamics 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.