HBK Sorce Advisory LLC Invests $2.86 Million in General Dynamics Corporation $GD

Key Points

• HBK Sorce Advisory LLC purchased 7,456 General Dynamics shares worth approximately $2.86 million during the second quarter. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly earnings of $4.24 per share and revenue of $14.09 billion, exceeding analyst expectations; revenue increased 8.1% year over year.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 payout and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89.

HBK Sorce Advisory LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,456 shares of the aerospace company's stock, valued at approximately $2,864,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its stake in General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of General Dynamics during the first quarter valued at approximately $29,000. Wilkerson Advisory Group LLC raised its holdings in shares of General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock worth $30,000 after buying an additional 39 shares during the period. Center for Financial Planning Inc. lifted its stake in shares of General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock worth $31,000 after acquiring an additional 64 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new position in General Dynamics during the 4th quarter valued at $31,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $395.46 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average price is $370.17 and its 200-day moving average price is $354.64. The firm has a market cap of $106.99 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.29 and a beta of 0.32. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00.

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 analysts' consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the firm earned $3.74 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed 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 1.6%. General Dynamics's dividend payout ratio (DPR) is currently 38.80%.

Analyst Ratings Changes

Several equities analysts have commented on GD shares. Morgan Stanley upped their price objective on General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Sanford C. Bernstein reissued a "market perform" rating and set a $421.00 target price on shares of General Dynamics in a research note on Monday, August 10th. UBS Group upped their price target on shares of General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics has a consensus rating of "Moderate Buy" and a consensus target price of $410.89.

Insider Activity

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics 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 transaction, the executive vice president directly owned 44,767 shares of the company's stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Malcolm sold 5,480 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company's stock, valued at $3,884,695. This trade represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 100,228 shares of company stock worth $38,052,853. Corporate insiders own 1.40% of the company's stock.

General Dynamics Company 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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