Capital Financial Group Inc. Co. ADV Acquires New Shares in General Dynamics Corporation $GD

Key Points

• Capital Financial Group Inc. Co. ADV acquired 3,518 General Dynamics shares worth approximately $1.25 million, while institutional investors and hedge funds collectively own 86.14% of the company.
• General Dynamics insiders sold 100,228 shares valued at approximately $38.1 million over the past 90 days, including substantial sales by the CEO and a director.
• The company beat quarterly earnings and revenue expectations, reporting $4.24 EPS and $14.09 billion in revenue; analysts maintain a “Moderate Buy” consensus with an average price target of $410.89. General Dynamics also declared a quarterly dividend of $1.59 per share.

Capital Financial Group Inc. Co. ADV acquired a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,518 shares of the aerospace company's stock, valued at approximately $1,246,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new stake in shares of General Dynamics in the second quarter worth about $429,073,000. AQR Capital Management LLC lifted its holdings in shares of General Dynamics by 118.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company's stock valued at $567,372,000 after purchasing an additional 901,679 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of General Dynamics by 35.0% during the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company's stock valued at $1,136,525,000 after purchasing an additional 863,392 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of General Dynamics by 831.1% in the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company's stock valued at $251,405,000 after purchasing an additional 658,081 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in General Dynamics during the 2nd quarter worth approximately $224,983,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of the 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 completion of the transaction, the director directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated 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 owned 766,457 shares of the company's stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GD. Weiss Ratings upgraded shares of General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 1st. Royal Bank Of Canada upped 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. Sanford C. Bernstein reissued a "market perform" rating and set a $421.00 price objective on shares of General Dynamics in a research report on Monday, August 10th. UBS Group raised their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Finally, TD Cowen boosted their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, General Dynamics has an average rating of "Moderate Buy" and an average price target of $410.89.

General Dynamics Trading Down 1.3%

NYSE GD opened at $390.67 on Tuesday. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The stock's 50 day moving average price is $371.16 and its two-hundred day moving average price is $354.81. The stock has a market capitalization of $105.70 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.29 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results 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. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion during the quarter, compared to analysts' expectations of $13.52 billion. During the same period last year, the business earned $3.74 EPS. The business's quarterly revenue 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, analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

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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