Jones Financial Companies Lllp Sells 58,214 Shares of General Dynamics Corporation $GD

Jones Financial Companies Lllp cut its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 18.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,449 shares of the aerospace company's stock after selling 58,214 shares during the period. Jones Financial Companies Lllp owned approximately 0.10% of General Dynamics worth $91,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in General Dynamics by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company's stock worth $8,338,169,000 after purchasing an additional 528,769 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of General Dynamics during the fourth quarter worth approximately $7,914,000. Deutsche Bank AG lifted its holdings in shares of General Dynamics by 12.2% in the 4th quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company's stock worth $316,213,000 after purchasing an additional 102,208 shares in the last quarter. Rayburn West Financial Services LLC acquired a new stake in General Dynamics in the 4th quarter valued at $2,387,000. Finally, Professional Advisory Services Inc. increased its stake in General Dynamics by 4.0% during the 2nd quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company's stock valued at $23,744,000 after purchasing an additional 2,562 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Insiders Place Their Bets

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company's stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 in the last quarter. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GD shares. Sanford C. Bernstein reiterated a "market perform" rating and set a $421.00 price objective on shares of General Dynamics in a report on Monday, August 10th. Morgan Stanley lifted their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. DA Davidson cut their price target on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Royal Bank Of Canada boosted their target price on General Dynamics from $385.00 to $410.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Finally, UBS Group raised their target price on General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of "Moderate Buy" and an average target price of $410.89.

General Dynamics Stock Down 0.2%

Shares of GD opened at $383.56 on Tuesday. The firm has a market cap of $103.78 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.22 and a beta of 0.32. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The stock has a 50 day simple moving average of $374.64 and a two-hundred day simple moving average of $356.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

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, beating the consensus estimate of $3.96 by $0.28. The company 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%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics's payout ratio is presently 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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