General Dynamics Corporation $GD Stake Trimmed by Yousif Capital Management LLC

Key Points

• Yousif Capital Management reduced its General Dynamics stake by 9.7% in the third quarter, selling 4,047 shares and retaining 37,654 shares valued at approximately $12.5 million. Institutional investors overall own 86.14% of the company.
• Analysts maintain a generally positive view, with General Dynamics holding a consensus “Moderate Buy” rating and an average price target of $402.32, compared with a recent share price of $349.29.
• Company insiders sold significant holdings recently, including CEO Phebe Novakovic’s sale of 51,568 shares and Director Robert Steel’s sale of 7,440 shares. General Dynamics also reported quarterly earnings and revenue above expectations and declared a quarterly dividend of $1.59 per share.

Yousif Capital Management LLC reduced its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 9.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,654 shares of the aerospace company's stock after selling 4,047 shares during the period. Yousif Capital Management LLC's holdings in General Dynamics were worth $12,495,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in General Dynamics in the second quarter valued at approximately $6,840,590,000. State Street Corp grew its holdings in General Dynamics by 3.3% during the second quarter. State Street Corp now owns 11,811,099 shares of the aerospace company's stock valued at $4,183,964,000 after purchasing an additional 374,682 shares during the period. Bank of America Corp DE purchased a new stake in General Dynamics in the second quarter worth $2,603,527,000. Corient Private Wealth LP increased its position in General Dynamics by 806.3% in the second quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company's stock worth $588,641,000 after buying an additional 1,478,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in General Dynamics by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,579,959 shares of the aerospace company's stock worth $542,274,000 after buying an additional 28,249 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GD. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $384.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday, July 30th. Sanford C. Bernstein decreased their price objective on General Dynamics from $407.00 to $365.00 and set a "market perform" rating for the company in a report on Wednesday, October 14th. Bank of America boosted 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. Finally, Citigroup lowered their price objective on General Dynamics from $404.00 to $374.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $402.32.

Insiders Place Their Bets

In other news, Director Robert K. Steel sold 7,440 shares of the company's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director directly owned 3,096 shares in the company, valued at $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated 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 directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 102,188 shares of company stock worth $38,627,265 in the last quarter. 1.40% of the stock is owned by company insiders.

General Dynamics Trading Down 0.4%

NYSE:GD opened at $349.29 on Friday. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The stock's fifty day moving average price is $353.71 and its two-hundred day moving average price is $354.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The company has a market cap of $94.50 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.04 and a beta of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The company had revenue of $14.09 billion during the quarter, compared to analysts' expectations of $13.52 billion. During the same period in the previous year, the business earned $3.74 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, analysts expect that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics's dividend payout ratio (DPR) is currently 38.80%.

About General Dynamics

General Dynamics Corporation NYSE: GD is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.

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