Meeder Advisory Services Inc. Acquires Shares of 6,932 General Dynamics Corporation $GD

Key Points

• Meeder Advisory Services acquired 6,932 General Dynamics shares worth approximately $2.46 million during the second quarter. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported stronger-than-expected quarterly results, with EPS of $4.24 and revenue of $14.09 billion, representing 8.1% year-over-year growth. Shares opened at $393.77, near their 52-week high of $400.
• The company declared a quarterly dividend of $1.59 per share, equivalent to $6.36 annually and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $410.89, although insiders have recently sold shares.

Meeder Advisory Services Inc. bought a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,932 shares of the aerospace company's stock, valued at approximately $2,456,000.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC grew 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 valued at $25,000 after acquiring an additional 69 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of General Dynamics during the first quarter worth $29,000. Wilkerson Advisory Group LLC lifted its stake 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 valued at $30,000 after acquiring an additional 39 shares during the last quarter. Paladin Partners LLC acquired a new stake in shares of General Dynamics during the 2nd quarter valued at $30,000. Finally, Center for Financial Planning Inc. grew its position in 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. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Up 0.7%

Shares of NYSE GD opened at $393.77 on Wednesday. The company's 50 day moving average price is $372.12 and its 200-day moving average price is $355.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The company has a market capitalization of $106.54 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.29 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating 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 business had revenue of $14.09 billion for the quarter, compared to analysts' expectations of $13.52 billion. During the same quarter in the prior year, the firm posted $3.74 earnings per share. The business's quarterly 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. Equities analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

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 paid a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics's dividend payout ratio (DPR) is 38.80%.

Analysts Set New Price Targets

GD has been the subject of several research reports. TD Cowen increased their target price on General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. The Goldman Sachs Group reduced their target price on shares of General Dynamics from $327.00 to $313.00 and set a "sell" rating on the stock in a report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $385.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 1st. Finally, Citigroup increased their price objective on General Dynamics from $364.00 to $404.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $410.89.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction 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. The trade was a 49.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares of the company's stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,228 shares of company stock valued at $38,052,853 in the last three months. 1.40% of the stock is currently owned by insiders.

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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