Empowered Funds LLC Invests $21.37 Million in General Dynamics Corporation $GD

Key Points

• Empowered Funds LLC acquired 60,322 General Dynamics shares worth approximately $21.37 million in the second quarter, while institutional investors collectively own 86.14% of the company.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in EPS versus a $3.96 consensus and $14.09 billion in revenue, up 8.1% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $410.89.
• The company declared a quarterly dividend of $1.59 per share, equivalent to a $6.36 annualized payout and a 1.7% yield. Meanwhile, insiders sold 100,228 shares worth approximately $38.05 million over the past three months.

Empowered Funds LLC purchased a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 60,322 shares of the aerospace company's stock, valued at approximately $21,368,000.

A number of other hedge funds also recently modified their holdings of GD. United Capital Financial Advisors LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at $30,781,000. Dearborn Partners LLC bought a new stake in shares of General Dynamics in the 2nd quarter worth about $15,731,000. Brooks Moore & Associates Inc. acquired a new stake in shares of General Dynamics during the second quarter worth approximately $394,000. WNY Asset Management LLC bought a new position in General Dynamics in the 2nd quarter valued at $400,000. Finally, Caitlin John LLC bought a new position in shares of General Dynamics in the second quarter valued at about $317,000. Institutional investors own 86.14% of the company's stock.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the company's stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business's stock in a transaction that occurred on 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 sale, 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,228 shares of company stock valued at $38,052,853 over the last three months. 1.40% of the stock is owned by insiders.

General Dynamics Stock Down 0.5%

GD opened at $380.01 on Friday. The stock's fifty day simple moving average is $375.86 and its 200 day simple moving average is $356.60. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The stock has a market cap of $102.82 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00.

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 the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, research analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. General Dynamics's dividend payout ratio (DPR) is currently 38.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their target price on General Dynamics from $390.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Morgan Stanley raised their target price on General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. 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 research report on Thursday, July 30th. Wells Fargo & Company boosted their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen cut shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One equities research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of "Moderate Buy" and an average price target of $410.89.

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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