Flputnam Investment Management Co. Takes Position in General Dynamics Corporation $GD

Key Points

• Flputnam Investment Management initiated a General Dynamics stake of 10,534 shares valued at approximately $3.7 million, while institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly earnings of $4.24 per share and revenue of $14.09 billion, beating estimates; revenue increased 8.1% year over year. The company guided to fiscal 2026 earnings of $16.80–$16.90 per share.
• Insiders sold roughly $38.1 million of stock over the past 90 days, while analysts maintain a “Moderate Buy” consensus with an average price target of $410.89. The company also declared a quarterly dividend of $1.59 per share, yielding about 1.6% annually.

Flputnam Investment Management Co. purchased a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,534 shares of the aerospace company's stock, valued at approximately $3,731,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in shares of General Dynamics during the 2nd quarter worth approximately $2,333,000. 1ST Source Bank bought a new stake in shares of General Dynamics during the second quarter valued at about $2,605,000. Elite Life Management LLC purchased a new stake in shares of General Dynamics in the second quarter worth about $302,000. Fielder Capital Group LLC bought a new position in shares of General Dynamics in the second quarter valued at approximately $216,000. Finally, SCS Capital Management LLC purchased a new position in General Dynamics during the second quarter valued at approximately $526,000. 86.14% of the stock is owned by institutional investors.

Insider Activity at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company's stock, valued at $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,228 shares of company stock worth $38,052,853 over the last 90 days. 1.40% of the stock is owned by company insiders.

General Dynamics Trading Down 0.1%

Shares of GD stock opened at $395.46 on Monday. The business has a 50-day moving average of $370.17 and a 200 day moving average of $354.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The stock has a market capitalization of $106.99 billion, a PE ratio of 24.13, a P/E/G ratio of 2.29 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion during 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%. General Dynamics's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. General Dynamics's payout ratio is presently 38.80%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. 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 research note on Monday, July 6th. DA Davidson dropped their target price on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Jefferies Financial Group upped their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Finally, BNP Paribas Exane lifted their price target on General Dynamics from $390.00 to $430.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, General Dynamics currently has a consensus rating of "Moderate Buy" and an average price target of $410.89.

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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