Equity Investment Corp acquired a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,930 shares of the aerospace company's stock, valued at approximately $1,038,000.
Several other hedge funds have also recently modified their holdings of the stock. Willner & Heller LLC increased its holdings in General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company's stock valued at $726,000 after acquiring an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC increased its holdings in shares of General Dynamics by 0.8% in the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company's stock worth $1,220,000 after purchasing an additional 28 shares during the last quarter. Klingman & Associates LLC increased its holdings in shares of General Dynamics by 3.3% in the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company's stock worth $326,000 after purchasing an additional 30 shares during the last quarter. Valmark Advisers Inc. lifted its position in shares of General Dynamics by 0.5% in the first quarter. Valmark Advisers Inc. now owns 7,010 shares of the aerospace company's stock worth $2,406,000 after buying an additional 32 shares in the last quarter. Finally, Courier Capital LLC boosted its stake in General Dynamics by 0.5% during the fourth quarter. Courier Capital LLC now owns 6,407 shares of the aerospace company's stock valued at $2,157,000 after buying 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
Shares of NYSE:GD opened at $393.77 on Wednesday. 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 Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company has a market capitalization of $106.54 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.29 and a beta of 0.32. The firm's 50-day moving average is $372.12 and its 200 day moving average is $355.08.
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 (EPS) 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 business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.
General Dynamics Announces Dividend
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. General Dynamics's payout ratio is presently 38.80%.
Insider Buying and Selling at General Dynamics
In other news, Director Mark Malcolm sold 5,480 shares of the business's stock in a transaction 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 sale, the director directly owned 10,643 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business's 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 completion of the sale, the executive vice president directly owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,228 shares of company stock valued at $38,052,853 in the last quarter. 1.40% of the stock is owned by insiders.
Analyst Ratings Changes
GD has been the topic of a number of research reports. DA Davidson reduced their price objective on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Morgan Stanley lifted their price objective 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. Susquehanna boosted their target price on shares of General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a report on Thursday, July 30th. BNP Paribas Exane increased their price target on shares of General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $410.89.
Check Out Our Latest Stock Analysis on General Dynamics
General Dynamics Profile
(
Free Report)
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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