FSA Advisors Inc. Buys New Position in General Dynamics Corporation $GD

Key Points

• FSA Advisors purchased 3,540 General Dynamics shares during the second quarter, valued at approximately $1.25 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly EPS of $4.24, exceeding estimates of $3.96, while revenue rose 8.1% year over year to $14.09 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 payout and a 1.7% yield. Meanwhile, two senior executives sold a combined 94,748 shares in early August.

FSA Advisors Inc. purchased a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,540 shares of the aerospace company's stock, valued at approximately $1,254,000.

Several other institutional investors and hedge funds have also modified their holdings of GD. Jefferies Financial Group Inc. purchased a new position in shares of General Dynamics during the 4th quarter valued at $7,914,000. Deutsche Bank AG increased its stake in General Dynamics by 12.2% in the 4th quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company's stock worth $316,213,000 after buying an additional 102,208 shares in the last quarter. Professional Advisory Services Inc. increased its stake in General Dynamics by 4.0% in the 2nd quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company's stock worth $23,744,000 after buying an additional 2,562 shares in the last quarter. Rayburn West Financial Services LLC bought a new stake in General Dynamics during the fourth quarter valued at about $2,387,000. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of General Dynamics by 22.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 17,485 shares of the aerospace company's stock valued at $6,001,000 after acquiring an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Trading Down 0.5%

Shares of GD stock opened at $380.01 on Friday. 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 capitalization of $102.82 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The stock's 50-day moving average price is $375.86 and its 200-day moving average price is $356.60.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly 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 company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts predict that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America increased their target price on General Dynamics from $400.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Robert W. Baird set a $430.00 price target on General Dynamics in a report on Thursday, July 30th. Citigroup upped their price target on General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. The Goldman Sachs Group reduced their price objective on shares of General Dynamics from $327.00 to $313.00 and set a "sell" rating on the stock in a research report on Monday, May 4th. Finally, 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. 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 given a Sell rating to the company's stock. Based on data from MarketBeat, General Dynamics has an average rating of "Moderate Buy" and a consensus price target of $410.89.

Insider Activity

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm's stock in a transaction on Friday, July 31st. The shares were 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 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by insiders.

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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