Aljian Capital Management LLC Invests $2.36 Million in General Dynamics Corporation $GD

Aljian Capital Management LLC acquired a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,674 shares of the aerospace company's stock, valued at approximately $2,364,000. General Dynamics makes up about 0.4% of Aljian Capital Management LLC's holdings, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GD. Whipplewood Advisors LLC increased its holdings in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after buying an additional 69 shares in the last quarter. Paladin Partners LLC acquired a new position in General Dynamics in the 2nd quarter worth about $30,000. Scarborough Advisors LLC bought a new position in General Dynamics in the first quarter valued at about $29,000. Wilkerson Advisory Group LLC boosted its stake in shares of General Dynamics by 79.6% during 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 in the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of General Dynamics during the fourth quarter valued at about $31,000. Institutional investors own 86.14% of the company's stock.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction 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 trade represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 100,228 shares of company stock valued at $38,052,853 over the last 90 days. Company insiders own 1.40% of the company's stock.

General Dynamics Stock Performance

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

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the business earned $3.74 EPS. 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. As a group, research analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

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 paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics's dividend payout ratio (DPR) is currently 38.80%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GD. Wells Fargo & Company upped their price objective on General Dynamics from $400.00 to $440.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Jefferies Financial Group upped their price target on shares of General Dynamics from $400.00 to $440.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. The Goldman Sachs Group dropped their price target on shares of General Dynamics from $327.00 to $313.00 and set a "sell" rating for the company in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Finally, Bank of America increased their price objective on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a report on Monday, July 6th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD - Free Report).

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