Foster & Motley Inc. purchased a new stake in General Dynamics Corporation (NYSE:GD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,292 shares of the aerospace company's stock, valued at approximately $6,126,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after buying an additional 417 shares during the period. Acadian Asset Management LLC lifted its position in shares of General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company's stock valued at $938,000 after acquiring an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in General Dynamics in the 2nd quarter worth approximately $240,000. Flow Traders U.S. LLC purchased a new position in General Dynamics during the 2nd quarter worth approximately $352,000. Finally, Jump Financial LLC acquired a new stake in General Dynamics during the 2nd quarter valued at $1,284,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
General Dynamics Stock Performance
NYSE:GD opened at $393.77 on Wednesday. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The firm's fifty day simple moving average is $372.12 and its 200 day simple moving average is $355.08. 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 firm has a market capitalization of $106.54 billion, a PE ratio of 24.02, a PEG ratio of 2.29 and a beta of 0.32.
General Dynamics (NYSE:GD - Get Free Report) last released 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. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the previous year, the business earned $3.74 EPS. The business's revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts anticipate 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 given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's payout ratio is currently 38.80%.
Insider Activity at General Dynamics
In related news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,228 shares of company stock worth $38,052,853 in the last 90 days. 1.40% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently commented on GD. Wells Fargo & Company raised their target price on General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on General Dynamics from $385.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Robert W. Baird set a $430.00 price objective on General Dynamics in a research note on Thursday, July 30th. Jefferies Financial Group lifted their target price on General Dynamics from $400.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Finally, Susquehanna upped their price target on shares of General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a research note on Thursday, July 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 given a Sell rating to the company. According to MarketBeat, General Dynamics presently has a consensus rating of "Moderate Buy" and a consensus price target of $410.89.
Get Our Latest Research Report 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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