Ancora Advisors LLC lessened its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,684 shares of the aerospace company's stock after selling 4,293 shares during the period. General Dynamics comprises 0.9% of Ancora Advisors LLC's investment portfolio, making the stock its 20th biggest holding. Ancora Advisors LLC's holdings in General Dynamics were worth $47,356,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC grew its position in General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock valued at $25,000 after buying an additional 69 shares during the period. Paladin Partners LLC bought a new position in General Dynamics in the 2nd quarter worth about $30,000. Scarborough Advisors LLC bought a new position in shares of General Dynamics in the first quarter worth $29,000. Wilkerson Advisory Group LLC increased its position in shares of General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock worth $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in General Dynamics during the fourth quarter valued at about $31,000. Institutional investors own 86.14% of the company's stock.
Insider Activity at General Dynamics
In other news, Director Mark Malcolm sold 5,480 shares of the company's stock in a transaction dated 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 transaction, the director owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 766,457 shares of the company's stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 over the last quarter. 1.40% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on GD shares. Weiss Ratings raised General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. TD Cowen upped their price target on shares of General Dynamics from $390.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Wells Fargo & Company boosted their target price on General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. DA Davidson lowered their price objective on shares of General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Finally, Bank of America upped their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. One investment 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $410.89.
Get Our Latest Stock Analysis on General Dynamics
General Dynamics Trading Down 1.9%
GD stock opened at $376.49 on Wednesday. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. 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 stock has a market capitalization of $101.86 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.33. The firm's fifty day simple moving average is $374.88 and its two-hundred day simple moving average is $356.25.
General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.09 billion during the quarter, compared to analysts' expectations of $13.52 billion. During the same quarter in the previous year, the business earned $3.74 EPS. General Dynamics'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, analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.
General Dynamics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics's dividend payout ratio (DPR) is currently 38.80%.
General Dynamics Company Profile
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Free Report)
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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