416,438 Shares in General Dynamics Corporation $GD Purchased by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 416,438 shares of the aerospace company's stock, valued at approximately $147,519,000. Deutsche Bank AG owned about 0.15% of General Dynamics as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its stake in shares of General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after purchasing an additional 69 shares in the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC grew its stake in General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after buying an additional 39 shares in the last quarter. Center for Financial Planning Inc. raised its holdings in General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of General Dynamics in the fourth quarter worth $31,000. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on GD shares. Jefferies Financial Group boosted their price objective on General Dynamics from $400.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. The Goldman Sachs Group decreased their price target on General Dynamics from $327.00 to $313.00 and set a "sell" rating on the stock in a research report on Monday, May 4th. Wall Street Zen downgraded shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, UBS Group raised their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $410.89.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the company's stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the 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 completion of the transaction, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 100,228 shares of company stock valued at $38,052,853 in the last quarter. Insiders own 1.40% of the company's stock.

General Dynamics Stock Performance

NYSE:GD opened at $392.10 on Thursday. The stock has a market cap of $106.09 billion, a P/E ratio of 23.92, a PEG ratio of 2.27 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $373.14 and its two-hundred day moving average price is $355.37. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business 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 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's payout ratio is currently 38.80%.

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.

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