Global Retirement Partners LLC Invests $2.33 Million in General Dynamics Corporation $GD

Global Retirement Partners LLC acquired a new stake in General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,586 shares of the aerospace company's stock, valued at approximately $2,333,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in General Dynamics by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company's stock valued at $8,338,169,000 after acquiring an additional 528,769 shares during the last quarter. State Street Corp raised its stake in shares of General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company's stock worth $3,812,058,000 after purchasing an additional 294,456 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of General Dynamics by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company's stock worth $2,039,742,000 after acquiring an additional 195,604 shares during the period. JPMorgan Chase & Co. raised its stake in shares of General Dynamics by 2.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company's stock worth $1,786,786,000 after buying an additional 114,647 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of General Dynamics by 3.3% in the fourth quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company's stock valued at $1,159,273,000 after buying an additional 110,536 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Down 0.1%

Shares of NYSE GD opened at $395.46 on Monday. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The stock's 50 day moving average price is $370.17 and its two-hundred day moving average price is $354.64. 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 stock has a market capitalization of $106.99 billion, a P/E ratio of 24.13, a PEG ratio of 2.29 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share 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 $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. General Dynamics's dividend payout ratio is 38.80%.

Analysts Set New Price Targets

A number of analysts have commented on GD shares. Susquehanna boosted their target price on General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. The Goldman Sachs Group dropped their price target on General Dynamics from $327.00 to $313.00 and set a "sell" rating for the company in a research report on Monday, May 4th. Weiss Ratings upgraded General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 1st. TD Cowen boosted their target price on shares of General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, UBS Group increased their price target on shares of General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. One 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.com, General Dynamics currently has a consensus rating of "Moderate Buy" and an average target price of $410.89.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the 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 approximately $293,231,119.06. This represents a 6.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. Corporate insiders own 1.40% of the company's stock.

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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