Dearborn Partners LLC Makes New $15.73 Million Investment in General Dynamics Corporation $GD

Key Points

• Dearborn Partners purchased 44,408 General Dynamics shares worth approximately $15.73 million during the second quarter. Institutional investors collectively own 86.14% of the company.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in EPS on $14.09 billion in revenue, with revenue up 8.1% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $410.89.
• The company declared a quarterly dividend of $1.59 per share, equivalent to $6.36 annually and a 1.7% yield. Recent insider activity was negative, with insiders selling 100,228 shares worth about $38.1 million over the last quarter.

Dearborn Partners LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 44,408 shares of the aerospace company's stock, valued at approximately $15,731,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in General Dynamics during the second quarter worth about $6,840,590,000. State Street Corp lifted its holdings in General Dynamics by 2.7% in the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company's stock valued at $3,812,058,000 after acquiring an additional 294,456 shares during the last quarter. Bank of America Corp DE acquired a new stake in General Dynamics in the 2nd quarter valued at about $2,603,527,000. Geode Capital Management LLC boosted its position in shares of General Dynamics by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company's stock valued at $2,039,742,000 after purchasing an additional 195,604 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of General Dynamics by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company's stock worth $1,786,786,000 after purchasing an additional 114,647 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction on Wednesday, June 17th. The stock was 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 approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were 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 $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 valued at $38,052,853 over the last quarter. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of General Dynamics from $385.00 to $410.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. TD Cowen lifted their price target on shares of General Dynamics from $390.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 price target on General Dynamics in a report on Thursday, July 30th. Sanford C. Bernstein reiterated a "market perform" rating and set a $421.00 price objective on shares of General Dynamics in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their price objective on General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $410.89.

General Dynamics Price Performance

GD stock opened at $380.01 on Friday. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The firm has a 50-day moving average of $375.86 and a two-hundred day moving average of $356.60. The firm has a market capitalization of $102.82 billion, a PE ratio of 23.19, a P/E/G ratio of 2.21 and a beta of 0.33. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued 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 1.7%. General Dynamics's dividend payout ratio is presently 38.80%.

About General Dynamics

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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