Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 635,112 General Dynamics Corporation $GD

Key Points

• Mitsubishi UFJ Asset Management acquired 635,112 General Dynamics shares worth approximately $225 million, giving it a 0.23% stake. Institutional investors collectively own 86.14% of the company.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in EPS and $14.09 billion in revenue, with revenue up 8.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 payout and a 1.6% yield. Recent insider activity was negative, with executives selling a combined 100,228 shares over three months.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 635,112 shares of the aerospace company's stock, valued at approximately $224,983,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.23% of General Dynamics at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new stake in shares of General Dynamics during the 2nd quarter valued at about $4,250,000. Plato Investment Management Ltd bought a new stake in General Dynamics in the second quarter worth approximately $2,341,000. Bell Investment Advisors Inc bought a new stake in General Dynamics in the second quarter worth approximately $39,000. AMG National Trust Bank acquired a new position in General Dynamics in the second quarter valued at approximately $1,329,000. Finally, Roman Butler Fullerton & Co. bought a new position in shares of General Dynamics during the 2nd quarter worth approximately $544,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GD shares. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Wall Street Zen lowered shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. The Goldman Sachs Group reduced their price target on shares of General Dynamics from $327.00 to $313.00 and set a "sell" rating for the company in a report on Monday, May 4th. Bank of America lifted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $410.89.

General Dynamics Price Performance

Shares of NYSE:GD opened at $390.67 on Tuesday. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The stock's 50 day moving average is $371.16 and its 200-day moving average is $354.81. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $105.70 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.29 and a beta of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion during 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%. General Dynamics's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio (DPR) is currently 38.80%.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the sale, the executive vice president directly owned 44,767 shares of the company's stock, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last three months. Corporate insiders own 1.40% of the company's stock.

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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