General Dynamics Corporation $GD Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its General Dynamics position by 55.3% in the second quarter, acquiring 378,266 additional shares and bringing its holdings to 1.06 million shares worth approximately $376 million. Institutional investors and hedge funds collectively own 86.14% of the company.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in adjusted earnings per share on $14.09 billion in revenue, with revenue rising 8.1% year over year. The company issued fiscal 2026 EPS guidance of $16.80-$16.90.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 payout and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89, while insiders have sold more than $38 million in shares over the past 90 days.

Hsbc Holdings PLC increased its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 55.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,062,295 shares of the aerospace company's stock after acquiring an additional 378,266 shares during the quarter. Hsbc Holdings PLC owned approximately 0.39% of General Dynamics worth $376,022,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC grew its stake in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock valued at $25,000 after buying an additional 69 shares during the period. Scarborough Advisors LLC acquired a new stake in General Dynamics during the first quarter worth $29,000. Wilkerson Advisory Group LLC lifted its stake in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Paladin Partners LLC purchased a new position in shares of General Dynamics in the 2nd quarter valued at about $30,000. Finally, Center for Financial Planning Inc. grew its position in shares of General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

NYSE GD opened at $376.49 on Wednesday. The business's 50-day moving average price is $374.88 and its 200 day moving average price is $356.25. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm has a market cap of $101.86 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.22 and a beta of 0.33. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The company 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 $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares of the company's stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of recent research reports. 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. Wells Fargo & Company increased their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $421.00 price objective on shares of General Dynamics in a research report on Monday, August 10th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada increased their target price on General Dynamics from $385.00 to $410.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has an average rating of "Moderate Buy" and an average target price 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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