Ancora Advisors LLC Sells 4,293 Shares of General Dynamics Corporation $GD

Ancora Advisors LLC lowered its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,684 shares of the aerospace company's stock after selling 4,293 shares during the quarter. General Dynamics accounts for about 0.9% of Ancora Advisors LLC's portfolio, making the stock its 21st largest position. Ancora Advisors LLC's holdings in General Dynamics were worth $47,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caisse de depot et placement du Quebec increased its stake in General Dynamics by 454.0% in the 2nd quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company's stock worth $64,088,000 after buying an additional 148,262 shares during the period. Empowered Funds LLC purchased a new stake in General Dynamics in the 2nd quarter valued at about $21,368,000. United Capital Financial Advisors LLC bought a new position in General Dynamics in the 2nd quarter worth about $30,781,000. Jefferies Financial Group Inc. bought a new position in General Dynamics in the 4th quarter worth about $7,914,000. Finally, Deutsche Bank AG raised its stake in shares of General Dynamics by 12.2% during the fourth quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company's stock valued at $316,213,000 after acquiring an additional 102,208 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of General Dynamics 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 transaction, the director directly owned 10,643 shares of the company's stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares in the company, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,228 shares of company stock worth $38,052,853 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

General Dynamics Stock Down 1.9%

Shares of NYSE GD opened at $372.00 on Tuesday. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The stock's fifty day simple moving average is $377.02 and its two-hundred day simple moving average is $356.83. The stock has a market capitalization of $100.65 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.19 and a beta of 0.32. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

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. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the previous year, the company posted $3.74 EPS. The business's revenue for the quarter 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 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. Stockholders of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics's payout ratio is presently 38.80%.

Analysts Set New Price Targets

Several research analysts recently issued reports on GD shares. UBS Group increased their price objective on General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Morgan Stanley raised their price target on General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Wall Street Zen downgraded General Dynamics from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Jefferies Financial Group raised their target price 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.

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