Professional Advisory Services Inc. Has $22.59 Million Holdings in General Dynamics Corporation $GD

Professional Advisory Services Inc. trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,099 shares of the aerospace company’s stock after selling 2,165 shares during the period. General Dynamics makes up approximately 2.9% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 14th largest position. Professional Advisory Services Inc.’s holdings in General Dynamics were worth $22,590,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC boosted its stake in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of General Dynamics in the 3rd quarter worth $25,000. Dagco Inc. acquired a new stake in General Dynamics in the 4th quarter valued at $25,000. Halbert Hargrove Global Advisors LLC bought a new stake in General Dynamics during the 3rd quarter valued at $26,000. Finally, Burkett Financial Services LLC raised its holdings in General Dynamics by 650.0% during the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Price Performance

General Dynamics stock opened at $346.26 on Wednesday. The business’s 50 day simple moving average is $355.58 and its 200 day simple moving average is $345.14. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70. The company has a market cap of $93.62 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.07 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27.

General Dynamics (NYSE:GD) last issued 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. The firm had revenue of $14.38 billion during the quarter, compared to analyst estimates of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be issued a dividend of $1.59 per share. 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 dividend yield of 1.8%. General Dynamics’s payout ratio is presently 38.83%.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 10,153 shares of the business’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 value of $3,603,807.35. Following the completion of the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,834,176.25. The trade was a 20.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the transaction, the vice president owned 7,936 shares of the company’s stock, valued at $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,260 shares of company stock valued at $18,133,971 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of analyst reports. Citigroup lifted their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley raised their price target on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. BNP Paribas Exane decreased their price objective on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Argus raised their target price on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their price target on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $376.26.

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.