56,100 Shares in General Dynamics Corporation $GD Purchased by Fidelity National Financial Inc.

Key Points

• Fidelity National Financial purchased 56,100 General Dynamics shares worth approximately $19.9 million, making GD about 0.6% of its portfolio. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly EPS of $4.24, beating estimates of $3.96, while revenue rose 8.1% year over year to $14.09 billion. The stock opened at $393.77, near its 52-week high of $400.
• The company declared a quarterly dividend of $1.59, equivalent to an annualized $6.36 payout and a 1.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $410.89.

Fidelity National Financial Inc. bought a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 56,100 shares of the aerospace company's stock, valued at approximately $19,873,000. General Dynamics makes up about 0.6% of Fidelity National Financial Inc.'s portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Whipplewood Advisors LLC raised its stake 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 purchasing an additional 69 shares during the last quarter. Paladin Partners LLC acquired a new position in shares of General Dynamics during the 2nd quarter valued at about $30,000. Scarborough Advisors LLC acquired a new stake in shares of General Dynamics in the first quarter worth approximately $29,000. Wilkerson Advisory Group LLC grew its holdings in General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 39 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in General Dynamics during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

General Dynamics stock opened at $393.77 on Wednesday. The firm has a market capitalization of $106.54 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.29 and a beta of 0.32. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The stock's 50 day moving average price is $372.12 and its 200 day moving average price is $355.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

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

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. General Dynamics's payout ratio is currently 38.80%.

Analyst Upgrades and Downgrades

GD has been the subject of several research reports. Wall Street Zen cut shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. The Goldman Sachs Group reduced their target price on General Dynamics from $327.00 to $313.00 and set a "sell" rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada upped their price target on General Dynamics from $385.00 to $410.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. BNP Paribas Exane raised their price objective on General Dynamics from $390.00 to $430.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, General Dynamics currently has a consensus rating of "Moderate Buy" and an average price target of $410.89.

Insider Buying and Selling at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The stock was 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 in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 in the last ninety days. Insiders own 1.40% of the company's stock.

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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