General Dynamics Corporation $GD Position Cut by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lowered its holdings in shares of General Dynamics Corporation (NYSE:GD) by 40.7% in the third quarter, HoldingsChannel.com reports. The fund owned 3,015 shares of the aerospace company’s stock after selling 2,069 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in General Dynamics were worth $1,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of General Dynamics during the 2nd quarter worth approximately $6,840,590,000. State Street Corp lifted its stake in General Dynamics by 3.3% in the 2nd quarter. State Street Corp now owns 11,811,099 shares of the aerospace company’s stock valued at $4,183,964,000 after buying an additional 374,682 shares in the last quarter. Bank of America Corp DE acquired a new stake in General Dynamics during the 2nd quarter valued at $2,603,527,000. Corient Private Wealth LP grew its holdings in General Dynamics by 806.3% during the 2nd quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company’s stock valued at $588,641,000 after buying an additional 1,478,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in General Dynamics by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,579,959 shares of the aerospace company’s stock worth $542,274,000 after buying an additional 28,249 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the sale, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 102,188 shares of company stock valued at $38,627,265. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of a number of analyst reports. UBS Group boosted their price target on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a report on Tuesday, September 8th. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Bank of America boosted their target price on shares of General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. TD Cowen reduced their target price on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $402.32.

General Dynamics Trading Down 0.4%

Shares of General Dynamics stock traded down $1.50 during trading hours on Friday, reaching $349.29. 736,679 shares of the company’s stock were exchanged, compared to its average volume of 1,349,514. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The firm has a market capitalization of $94.50 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.05 and a beta of 0.33. The company has a fifty day moving average of $353.71 and a 200-day moving average of $354.99. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.