86,894 Shares in General Dynamics Corporation $GD Purchased by United Capital Financial Advisors LLC

Key Points

• United Capital Financial Advisors purchased 86,894 General Dynamics shares in the second quarter, valued at approximately $30.8 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics exceeded quarterly expectations with adjusted EPS of $4.24 and revenue of $14.09 billion, up 8.1% year over year. The company set fiscal 2026 EPS guidance at $16.80–$16.90.
• The company declared a quarterly dividend of $1.59 per share, or $6.36 annualized, representing a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $410.89, versus a recent share price of $380.01.

United Capital Financial Advisors LLC bought a new stake in General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 86,894 shares of the aerospace company's stock, valued at approximately $30,781,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. purchased a new stake in shares of General Dynamics in the fourth quarter valued at $7,914,000. Deutsche Bank AG boosted its stake in General Dynamics by 12.2% in the 4th quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company's stock worth $316,213,000 after buying an additional 102,208 shares during the last quarter. Professional Advisory Services Inc. grew its holdings in General Dynamics by 4.0% in the 2nd quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company's stock valued at $23,744,000 after buying an additional 2,562 shares during the period. Rayburn West Financial Services LLC acquired a new position in shares of General Dynamics during the 4th quarter valued at about $2,387,000. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of General Dynamics by 22.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 17,485 shares of the aerospace company's stock worth $6,001,000 after acquiring an additional 3,159 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Price Performance

GD stock opened at $380.01 on Friday. The firm has a market cap of $102.82 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33. 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 Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The stock has a 50-day simple moving average of $375.86 and a 200-day simple moving average of $356.60.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $14.09 billion for 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 for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's payout ratio is presently 38.80%.

Insider Activity

In related news, Director Mark Malcolm sold 5,480 shares of the firm's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director directly owned 10,643 shares of the company's stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction on 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 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GD. Susquehanna raised their target price on shares of General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $421.00 price target on shares of General Dynamics in a research report on Monday, August 10th. BNP Paribas Exane lifted their price target on shares of General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, UBS Group upped their price objective on General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $410.89.

General Dynamics 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source