Hsbc Holdings PLC Purchases 378,266 Shares of General Dynamics Corporation $GD

Key Points

• HSBC Holdings increased its General Dynamics stake by 55.3% in the second quarter, purchasing 378,266 shares and bringing its holdings to 1.06 million shares worth approximately $376 million. Institutional investors collectively own 86.14% of GD.
• General Dynamics exceeded quarterly earnings expectations, reporting $4.24 in EPS and $14.09 billion in revenue, with revenue up 8.1% year over year. The company reaffirmed fiscal 2026 EPS guidance of $16.80–$16.90.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 dividend and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89, while insiders have sold more than 100,000 shares over the past 90 days.

Hsbc Holdings PLC boosted its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 55.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,062,295 shares of the aerospace company's stock after buying an additional 378,266 shares during the period. Hsbc Holdings PLC owned approximately 0.39% of General Dynamics worth $376,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Whipplewood Advisors LLC lifted its holdings 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 acquiring an additional 69 shares during the last quarter. Paladin Partners LLC purchased a new position in shares of General Dynamics in the second quarter valued at about $30,000. Scarborough Advisors LLC bought a new stake in shares of General Dynamics in the first quarter worth about $29,000. Wilkerson Advisory Group LLC grew its position in shares of General Dynamics by 79.6% in the 1st 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 last quarter. Finally, Motiv8 Investments LLC bought a new stake in General Dynamics in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

NYSE:GD opened at $359.54 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. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The stock has a 50-day moving average price of $378.48 and a 200 day moving average price of $357.36. The stock has a market capitalization of $97.28 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.07 and a beta of 0.32.

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 the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts forecast that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics's payout ratio is presently 38.80%.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 766,457 shares of the company's stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director owned 10,643 shares in the company, valued at $3,884,695. The trade was a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GD. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $421.00 price objective on shares of General Dynamics in a research report on Monday, August 10th. TD Cowen upped their price target on shares of General Dynamics from $390.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Wall Street Zen downgraded General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their price objective on General Dynamics from $385.00 to $410.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics currently has a consensus rating of "Moderate Buy" and a consensus price target of $410.89.

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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