Thurston Springer Miller Herd & Titak Inc. Buys 3,339 Shares of General Dynamics Corporation $GD

Thurston Springer Miller Herd & Titak Inc. raised its stake in General Dynamics Corporation (NYSE:GD) by 350.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,291 shares of the aerospace company’s stock after buying an additional 3,339 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in General Dynamics were worth $1,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GD. AQR Capital Management LLC boosted 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 acquiring an additional 901,679 shares in the last quarter. Northern Trust Corp increased its holdings in General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after purchasing an additional 863,392 shares in the last quarter. Pacer Advisors Inc. raised its position in General Dynamics by 3,306.5% in the third 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 during the last quarter. Ameriprise Financial Inc. raised its position in General Dynamics by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after purchasing an additional 691,340 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of General Dynamics by 2.9% during the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after purchasing an additional 677,665 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $349.33 on Friday. The company has a market capitalization of $94.62 billion, a PE ratio of 22.61, a P/E/G ratio of 2.08 and a beta of 0.38. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70. The firm has a fifty day simple moving average of $352.90 and a 200 day simple moving average of $346.17.

General Dynamics (NYSE:GD) last issued its quarterly 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. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. During the same period last year, the business posted $4.15 EPS. The business’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. On average, 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 declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio (DPR) is currently 38.83%.

Insider Activity at General Dynamics

In other news, EVP Mark Lagrand Burns sold 10,153 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the transaction, the executive vice president owned 38,975 shares in the company, valued at approximately $13,834,176.25. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president directly owned 7,936 shares of the company’s stock, valued at $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 51,260 shares of company stock worth $18,133,971. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GD shares. JPMorgan Chase & Co. upped their price objective on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Wall Street Zen lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Bank of America restated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Friday, January 30th. Wolfe Research lifted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, BNP Paribas Exane reduced their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $384.42.

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.