2,307 General Dynamics Corporation $GD Shares Sold by American National Bank & Trust

American National Bank & Trust decreased its holdings in General Dynamics Corporation (NYSE:GD) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,311 shares of the aerospace company’s stock after selling 2,307 shares during the period. American National Bank & Trust’s holdings in General Dynamics were worth $11,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC lifted its holdings in General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after buying an additional 69 shares in the last quarter. Wellington Altus USA Inc. increased its position in shares of General Dynamics by 77.8% during the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 35 shares during the period. Scarborough Advisors LLC bought a new stake in shares of General Dynamics during the first quarter valued at approximately $29,000. Wilkerson Advisory Group LLC boosted its holdings in shares of General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares during the period. Finally, Paladin Partners LLC bought a new position in General Dynamics in the second quarter worth approximately $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert K. Steel sold 7,440 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of the transaction, the director directly owned 3,096 shares in the company, valued at $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% 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 valued at $38,627,265. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Wall Street Zen lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Jefferies Financial Group lifted their price objective on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Bank of America upped their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, Susquehanna boosted their price target on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.84.

General Dynamics Stock Down 1.2%

NYSE:GD traded down $3.90 during mid-day trading on Wednesday, hitting $327.43. 253,016 shares of the company’s stock traded hands, compared to its average volume of 1,291,145. The company has a fifty day moving average of $366.69 and a 200 day moving average of $355.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The company has a market capitalization of $88.59 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.91 and a beta of 0.33.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the previous year, the firm earned $3.74 EPS. General Dynamics’s revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts forecast that General Dynamics Corporation will post 16.99 EPS for the current 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 issued 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 payout ratio is 38.80%.

General Dynamics Company 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.