California State Teachers Retirement System Increases Stock Position in General Dynamics Corporation $GD

California State Teachers Retirement System boosted its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 356,870 shares of the aerospace company's stock after purchasing an additional 2,789 shares during the quarter. California State Teachers Retirement System owned about 0.13% of General Dynamics worth $126,417,629 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Ameritas Advisory Services LLC boosted its position in shares of General Dynamics by 431.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,009 shares of the aerospace company's stock valued at $2,483,000 after acquiring an additional 5,689 shares during the last quarter. Wedmont Private Capital increased its stake in General Dynamics by 9.8% during the 2nd quarter. Wedmont Private Capital now owns 3,508 shares of the aerospace company's stock worth $1,316,000 after buying an additional 312 shares during the period. Troluce Capital Advisors LLC bought a new position in General Dynamics during the 2nd quarter worth $9,653,000. HB Wealth Management LLC raised its holdings in shares of General Dynamics by 6.6% in the 2nd quarter. HB Wealth Management LLC now owns 46,647 shares of the aerospace company's stock worth $16,525,000 after purchasing an additional 2,887 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in General Dynamics in the 2nd quarter worth about $169,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on GD. Sanford C. Bernstein reiterated a "market perform" rating and issued a $421.00 price target on shares of General Dynamics in a report on Monday, August 10th. Bank of America lifted their target price on shares of General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Morgan Stanley lifted their price target on shares of General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $411.58.

Insider Activity

In other news, CEO Phebe Novakovic sold 51,568 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company's stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the sale, the executive vice president owned 44,767 shares of the company's stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Stock Up 0.7%

Shares of General Dynamics stock traded up $2.45 during midday trading on Tuesday, hitting $359.26. The company's stock had a trading volume of 567,718 shares, compared to its average volume of 1,282,393. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year 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 50-day simple moving average of $377.43 and a 200-day simple moving average of $357.64. The firm has a market capitalization of $97.20 billion, a P/E ratio of 21.92, a PEG ratio of 2.05 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to analysts' expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics's payout ratio is presently 38.80%.

General Dynamics Company Profile

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.

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