Glenview Trust Co Takes Position in General Dynamics Corporation $GD

Key Points

• Glenview Trust Co. acquired 12,033 shares of General Dynamics in the second quarter, valued at approximately $4.26 million. Institutional investors collectively own 86.14% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $410.89; targets range from $313 to $455.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in adjusted EPS and $14.09 billion in revenue, while revenue grew 8.1% year over year. The company also declared a quarterly dividend of $1.59 per share, equal to a 1.7% annualized yield.

Glenview Trust Co bought a new stake in General Dynamics Corporation (NYSE:GD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,033 shares of the aerospace company's stock, valued at approximately $4,263,000.

A number of other institutional investors and hedge funds have also modified their holdings of GD. Oxford Financial Group LTD. LLC boosted its holdings in shares of General Dynamics by 1.9% during the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company's stock worth $505,000 after purchasing an additional 26 shares during the period. Willner & Heller LLC grew its position in General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company's stock valued at $726,000 after purchasing an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC increased its stake in General Dynamics by 0.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company's stock valued at $1,220,000 after buying an additional 28 shares during the period. Klingman & Associates LLC lifted its position in General Dynamics by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company's stock worth $326,000 after buying an additional 30 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. boosted its stake in shares of General Dynamics by 16.7% during the 2nd quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company's stock valued at $77,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. UBS Group raised their price target on General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. The Goldman Sachs Group reduced their price target on General Dynamics from $327.00 to $313.00 and set a "sell" rating for the company in a report on Monday, May 4th. Jefferies Financial Group increased their price objective on General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Finally, Susquehanna raised their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the company a "positive" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $410.89.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company'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 sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics 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 transaction, the executive vice president directly owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 100,228 shares of company stock valued at $38,052,853 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

General Dynamics Trading Down 0.5%

NYSE:GD opened at $380.01 on Friday. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The firm has a market cap of $102.82 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.21 and a beta of 0.33. 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 company's 50 day moving average is $375.86 and its 200-day moving average is $356.60.

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

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. 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 payout ratio is currently 38.80%.

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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