Family Legacy Inc. Invests $3.12 Million in General Dynamics Corporation $GD

Key Points

• Family Legacy Inc. purchased 8,797 General Dynamics shares in the second quarter, worth approximately $3.12 million. Institutional investors collectively own 86.14% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $410.89; recent target increases range from $395 to $440.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in EPS and $14.09 billion in revenue, while revenue rose 8.1% year over year. The company also declared a quarterly dividend of $1.59 per share, equivalent to a 1.6% annual yield.

Family Legacy Inc. bought a new stake 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 bought 8,797 shares of the aerospace company's stock, valued at approximately $3,116,000.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in General Dynamics by 118.3% in the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company's stock worth $567,372,000 after buying an additional 901,679 shares during the period. Northern Trust Corp lifted its holdings in shares of General Dynamics by 35.0% during the third 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. boosted its holdings in shares of General Dynamics by 831.1% during 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 acquiring an additional 658,081 shares during the last quarter. Vanguard Group Inc. grew its position in General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company's stock worth $8,338,169,000 after purchasing an additional 528,769 shares during the period. Finally, Corient Private Wealth LLC increased its position in shares of General Dynamics by 613.0% during the 4th quarter. Corient Private Wealth LLC now owns 613,732 shares of the aerospace company's stock valued at $206,619,000 after purchasing an additional 527,651 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GD shares. Jefferies Financial Group raised their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. UBS Group increased their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Citigroup boosted their price objective on shares of General Dynamics from $364.00 to $404.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Bank of America lifted their price objective on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a report on Monday, July 6th. Finally, Wall Street Zen downgraded shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. One 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 stock. According to data from MarketBeat, General Dynamics has a consensus rating of "Moderate Buy" and a consensus price target of $410.89.

General Dynamics Trading Up 0.6%

Shares of General Dynamics stock opened at $395.46 on Friday. The company has a market cap of $106.99 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.29 and a beta of 0.33. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a 50-day simple moving average of $370.17 and a two-hundred day simple moving average of $354.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. The business 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 business's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the business's 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value 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 $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. Over the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. Insiders own 1.40% of the company's stock.

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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