HB Wealth Management LLC Has $16.52 Million Holdings in General Dynamics Corporation $GD

Key Points

• HB Wealth Management increased its General Dynamics stake by 6.6% in the second quarter, holding 46,647 shares valued at approximately $16.52 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics insiders sold 100,228 shares worth about $38.05 million during the past quarter, including significant sales by CEO Phebe Novakovic and EVP Marguerite Gilliland.
• The company beat quarterly earnings and revenue expectations, reporting $4.24 in EPS and $14.09 billion in revenue. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $410.89, while General Dynamics announced a quarterly dividend of $1.59 per share.

HB Wealth Management LLC lifted its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,647 shares of the aerospace company's stock after purchasing an additional 2,887 shares during the quarter. HB Wealth Management LLC's holdings in General Dynamics were worth $16,525,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GD. Whipplewood Advisors LLC boosted its stake in shares of General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after buying an additional 69 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of General Dynamics in the first quarter valued at about $29,000. Wilkerson Advisory Group LLC raised its holdings in General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock worth $30,000 after acquiring an additional 39 shares in the last quarter. Paladin Partners LLC bought a new stake in General Dynamics during the second quarter worth about $30,000. Finally, Center for Financial Planning Inc. boosted its position in General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company's stock, valued at $293,231,119.06. This represents a 6.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marguerite Gilliland sold 43,180 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 100,228 shares of company stock worth $38,052,853. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Sanford C. Bernstein restated a "market perform" rating and issued a $421.00 price target on shares of General Dynamics in a research note on Monday, August 10th. Morgan Stanley increased their price objective on General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Weiss Ratings raised shares of General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. Jefferies Financial Group boosted their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $410.89.

General Dynamics Stock Performance

NYSE GD opened at $359.54 on Friday. The stock has a market cap of $97.28 billion, a PE ratio of 21.94, a P/E/G ratio of 2.08 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The firm has a 50-day moving average of $378.48 and a 200-day moving average of $357.29. 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 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 business 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 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 dividend yield of 1.8%. General Dynamics's dividend payout ratio (DPR) is 38.80%.

General Dynamics 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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