Robeco Institutional Asset Management B.V. Has $60.78 Million Stock Holdings in General Dynamics Corporation $GD
by Amy Steele · The Cerbat GemRobeco Institutional Asset Management B.V. lifted its position in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 33.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,534 shares of the aerospace company’s stock after purchasing an additional 45,302 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of General Dynamics worth $60,779,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Aljian Capital Management LLC grew its stake in General Dynamics by 21.5% in the 4th quarter. Aljian Capital Management LLC now owns 5,819 shares of the aerospace company’s stock valued at $1,959,000 after buying an additional 1,028 shares during the last quarter. NBT Bank N A NY boosted its holdings in General Dynamics by 2.2% in the 4th quarter. NBT Bank N A NY now owns 19,641 shares of the aerospace company’s stock valued at $6,519,000 after purchasing an additional 420 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of General Dynamics by 16.1% during the 4th quarter. Ritholtz Wealth Management now owns 17,057 shares of the aerospace company’s stock worth $5,742,000 after acquiring an additional 2,363 shares during the period. RFG Bristol Wealth Advisors LLC lifted its holdings in shares of General Dynamics by 5.5% during the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 809 shares of the aerospace company’s stock worth $272,000 after acquiring an additional 42 shares during the period. Finally, City Holding Co. lifted its holdings in shares of General Dynamics by 13.5% during the 4th quarter. City Holding Co. now owns 850 shares of the aerospace company’s stock worth $286,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.
General Dynamics Stock Performance
Shares of GD stock opened at $334.78 on Monday. The firm has a market cap of $90.67 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.24 and a beta of 0.38. 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 $262.84 and a 52 week high of $369.70. The firm’s 50-day simple moving average is $351.70 and its two-hundred day simple moving average is $347.22.
General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.11 by $0.06. The business had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.
General Dynamics Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be paid a $1.59 dividend. The ex-dividend date is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio is 41.17%.
Insider Buying and Selling at General Dynamics
In other news, EVP Marguerite Amy Gilliland sold 3,819 shares of General Dynamics stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the transaction, the executive vice president owned 44,767 shares in the company, valued at $15,825,134.50. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction that occurred on 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 directly owned 38,975 shares of the company’s stock, valued at approximately $13,834,176.25. This represents a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,260 shares of company stock worth $18,133,971 over the last three months. Company insiders own 1.40% of the company’s stock.
Wall Street Analyst Weigh In
GD has been the subject of several research reports. TD Cowen increased their price objective on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. UBS Group set a $393.00 price objective on shares of General Dynamics in a research report on Thursday, January 29th. Wells Fargo & Company initiated coverage on shares of General Dynamics in a research report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price objective for the company. Deutsche Bank Aktiengesellschaft downgraded General Dynamics from a “buy” rating to a “hold” rating and set a $387.00 price objective for the company. in a report on Wednesday, April 8th. Finally, BNP Paribas Exane lifted their price objective on shares of General Dynamics from $410.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $384.53.
Read Our Latest Stock Analysis on General Dynamics
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.