19,649 Shares of General Dynamics Corporation $GD Bought by NBT Bank N.A.

NBT Bank N.A. purchased a new position in shares of General Dynamics Corporation (NYSE:GD) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 19,649 shares of the aerospace company’s stock, valued at approximately $6,520,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC raised its holdings in General Dynamics by 1,725.0% in 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 during the last quarter. Wellington Altus USA Inc. grew its holdings in General Dynamics by 77.8% during the 2nd 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 last quarter. Downshift Financial LLC grew its holdings in General Dynamics by 134.3% during the 3rd quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 47 shares during the last quarter. Paladin Partners LLC bought a new stake in General Dynamics during the 2nd quarter worth approximately $30,000. Finally, Scarborough Advisors LLC acquired a new position in General Dynamics in the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $350.31 on Friday. The stock’s 50 day moving average is $354.64 and its 200 day moving average is $355.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The firm has a market cap of $94.78 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.02 and a beta of 0.33. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00.

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

General Dynamics Announces Dividend

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

Insider Transactions at General Dynamics

In other news, EVP Marguerite Gilliland sold 43,180 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 102,188 shares of company stock worth $38,627,265. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citigroup cut their price target on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Susquehanna increased their price objective on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Finally, TD Cowen decreased their price objective on General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average target price of $402.32.

General Dynamics Profile

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.