Rockland Trust Co. Buys 9,235 Shares of General Dynamics Corporation $GD

Rockland Trust Co. lifted its position in General Dynamics Corporation (NYSE:GD) by 703.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,548 shares of the aerospace company’s stock after buying an additional 9,235 shares during the quarter. Rockland Trust Co.’s holdings in General Dynamics were worth $3,597,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of General Dynamics in the 3rd quarter valued at about $26,000. Louisbourg Investments Inc. bought a new position in shares of General Dynamics during the 3rd quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC raised its stake in General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 49 shares during the period. NewSquare Capital LLC lifted its holdings in General Dynamics by 64.7% during the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of General Dynamics in the third quarter valued at $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.1%

Shares of GD opened at $360.34 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70. The firm has a market cap of $97.43 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 2.15 and a beta of 0.41. The business’s fifty day moving average is $349.65 and its 200-day moving average is $337.35.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The firm had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were given a $1.50 dividend. The ex-dividend date was Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 38.83%.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the transaction, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of a number of research reports. Wolfe Research upped their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a report on Monday, January 12th. Wall Street Zen cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. TD Cowen lifted their price objective on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Argus raised their target price on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $375.47.

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.