3,751 Shares in General Dynamics Corporation $GD Acquired by AMG National Trust Bank

Key Points

• AMG National Trust Bank acquired 3,751 General Dynamics shares worth approximately $1.33 million, while institutional investors collectively own 86.14% of the company.
• General Dynamics beat quarterly earnings expectations with $4.24 in EPS and $14.09 billion in revenue; revenue increased 8.1% year over year. The company also declared a quarterly dividend of $1.59 per share, representing a 1.6% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $410.89, while insiders sold roughly $38.1 million in stock over the past three months.

AMG National Trust Bank bought a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,751 shares of the aerospace company's stock, valued at approximately $1,329,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in General Dynamics in the second quarter worth about $429,073,000. AQR Capital Management LLC grew its holdings in General Dynamics by 118.3% in the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company's stock worth $567,372,000 after purchasing an additional 901,679 shares during the last quarter. Northern Trust Corp grew its holdings in General Dynamics by 35.0% in the third 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 during the last quarter. Balyasny Asset Management L.P. increased its position in shares of General Dynamics by 831.1% during the third quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company's stock worth $251,405,000 after purchasing an additional 658,081 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company's stock worth $8,338,169,000 after purchasing an additional 528,769 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Down 0.1%

Shares of GD stock opened at $395.46 on Monday. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a market capitalization of $106.99 billion, a PE ratio of 24.13, a P/E/G ratio of 2.29 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The stock's 50-day simple moving average is $370.17 and its 200-day simple moving average is $354.64.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping analysts' consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the previous year, the company posted $3.74 earnings per share. The company'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. Equities analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's dividend payout ratio (DPR) is 38.80%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director directly owned 10,643 shares of the company's stock, valued at approximately $3,884,695. This represents a 33.99% 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 this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last three months. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

GD has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Wells Fargo & Company boosted their price target on General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. TD Cowen upped their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Citigroup increased their price objective on shares of General Dynamics from $364.00 to $404.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $410.89.

General Dynamics Company Profile

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.

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