HighTower Advisors LLC Sells 5,219 Shares of General Dynamics Corporation $GD

Key Points

• HighTower Advisors reduced its General Dynamics stake by 2.9%, selling 5,219 shares and retaining 177,673 shares worth approximately $62.9 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics exceeded quarterly expectations, reporting EPS of $4.24 versus the $3.96 estimate and revenue of $14.09 billion, up 8.1% year over year. The company issued fiscal 2026 EPS guidance of $16.80–$16.90.
• The company declared a quarterly dividend of $1.59 per share, equivalent to $6.36 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89.

HighTower Advisors LLC reduced its position in General Dynamics Corporation (NYSE:GD - Free Report) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,673 shares of the aerospace company's stock after selling 5,219 shares during the period. HighTower Advisors LLC owned approximately 0.07% of General Dynamics worth $62,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of GD. Whipplewood Advisors LLC boosted its position 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 purchased a new stake in shares of General Dynamics during the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC increased its position in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Paladin Partners LLC bought a new position in shares of General Dynamics in the 2nd quarter worth approximately $30,000. Finally, Center for Financial Planning Inc. boosted its holdings in shares of General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

General Dynamics Trading Up 0.0%

Shares of NYSE:GD opened at $359.54 on Tuesday. The stock has a 50 day moving average of $378.71 and a 200 day moving average of $357.48. The company has a market cap of $97.28 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.07 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. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results 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 net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to analysts' expectations of $13.52 billion. During the same quarter last year, the business earned $3.74 EPS. The firm's 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, equities research analysts expect that General Dynamics Corporation will post 16.99 EPS for the current 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 given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.

Insider Activity

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the 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 completion of the sale, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% 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 worth $38,052,853 in the last three months. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. UBS Group lifted 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. Weiss Ratings raised shares of General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. Finally, Citigroup upped their price objective on General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $410.89.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.