Auxano Advisors LLC Makes New Investment in General Dynamics Corporation $GD

Key Points

• Auxano Advisors acquired 3,700 General Dynamics shares worth approximately $1.31 million in the second quarter. Institutional investors collectively own 86.14% of the company.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in EPS and $14.09 billion in revenue, with revenue rising 8.1% year over year. The company also declared a quarterly dividend of $1.59 per share, representing a 1.6% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $410.89, although insiders sold more than 100,000 shares worth about $38.1 million over the past three months.

Auxano Advisors LLC bought a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,700 shares of the aerospace company's stock, valued at approximately $1,311,000.

A number of other institutional investors have also bought and sold shares of GD. Willner & Heller LLC grew its position in shares of General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company's stock valued at $726,000 after purchasing an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC boosted its stake in General Dynamics by 0.8% during the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company's stock valued at $1,220,000 after buying an additional 28 shares during the last quarter. Klingman & Associates LLC boosted its stake in General Dynamics by 3.3% during the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company's stock valued at $326,000 after buying an additional 30 shares during the last quarter. Valmark Advisers Inc. grew its holdings in General Dynamics by 0.5% during the 1st quarter. Valmark Advisers Inc. now owns 7,010 shares of the aerospace company's stock valued at $2,406,000 after buying an additional 32 shares in the last quarter. Finally, Courier Capital LLC increased its stake in General Dynamics by 0.5% in the 4th quarter. Courier Capital LLC now owns 6,407 shares of the aerospace company's stock worth $2,157,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

GD stock opened at $390.67 on Tuesday. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The business has a 50-day moving average price of $371.16 and a 200 day moving average price of $354.81. The company has a market capitalization of $105.70 billion, a P/E ratio of 23.84, a PEG ratio of 2.29 and a beta of 0.32. 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 (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter last year, the firm posted $3.74 EPS. The company'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, equities research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued 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 yield of 1.6%. General Dynamics's dividend payout ratio is currently 38.80%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GD. Royal Bank Of Canada increased their price target on shares of General Dynamics from $385.00 to $410.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. The Goldman Sachs Group lowered their price objective on General Dynamics from $327.00 to $313.00 and set a "sell" rating for the company in a research note on Monday, May 4th. UBS Group boosted their target price on General Dynamics from $366.00 to $395.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Wells Fargo & Company raised their price target on General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. One equities research 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.com, General Dynamics currently has an average rating of "Moderate Buy" and a consensus target price of $410.89.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated 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 transaction, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business'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 transaction, the executive vice president owned 44,767 shares of the company's stock, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company's stock.

General Dynamics Company 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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