Kingsview Wealth Management LLC Acquires New Holdings in General Dynamics Corporation $GD

Kingsview Wealth Management LLC acquired a new position in General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,538 shares of the aerospace company's stock, valued at approximately $4,441,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Beacon Pointe Advisors LLC acquired a new position in General Dynamics during the 2nd quarter valued at about $2,653,000. Pin Oak Investment Advisors Inc. bought a new position in shares of General Dynamics in the second quarter valued at approximately $373,000. Rakuten Investment Management Inc. acquired a new position in shares of General Dynamics during the second quarter valued at approximately $13,977,000. Orion Capital Management LLC acquired a new stake in General Dynamics in the second quarter worth approximately $119,000. Finally, Glenview Trust Co bought a new position in General Dynamics during the 2nd quarter valued at $4,263,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Stock Down 0.1%

GD stock opened at $379.70 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The firm has a market capitalization of $102.73 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.20 and a beta of 0.33. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The company's 50 day simple moving average is $376.45 and its 200-day simple moving average is $356.76.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the business posted $3.74 EPS. The company's revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities research analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 dividend yield of 1.7%. General Dynamics's dividend payout ratio is 38.80%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GD. The Goldman Sachs Group cut their price objective on General Dynamics from $327.00 to $313.00 and set a "sell" rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. UBS Group increased their price objective on General Dynamics from $366.00 to $395.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. TD Cowen lifted their target price on General Dynamics from $390.00 to $420.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Weiss Ratings raised General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $410.89.

Insider Buying and Selling

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction on 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 completion of the sale, the executive vice president owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. Corporate insiders own 1.40% of the company's stock.

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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