National Pension Service Increases Position in General Dynamics Corporation $GD

Key Points

• National Pension Service increased its General Dynamics stake by 2.2% in the second quarter, acquiring 16,386 additional shares and bringing its holdings to 756,122 shares valued at approximately $267.8 million. Institutional investors own 86.14% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $411.58. Several firms recently raised their targets, including Morgan Stanley to $465 and Jefferies to $440.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in earnings per share and $14.09 billion in revenue, while revenue rose 8.1% year over year. The company also announced a quarterly dividend of $1.59 per share, equivalent to a 1.8% annualized yield.

National Pension Service raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 756,122 shares of the aerospace company's stock after purchasing an additional 16,386 shares during the period. National Pension Service owned 0.28% of General Dynamics worth $267,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Engineers Gate Manager LP lifted its position in General Dynamics by 19.6% during the second quarter. Engineers Gate Manager LP now owns 63,530 shares of the aerospace company's stock valued at $22,505,000 after acquiring an additional 10,399 shares during the last quarter. RFG Advisory LLC increased its position in shares of General Dynamics by 8.1% during the second quarter. RFG Advisory LLC now owns 2,253 shares of the aerospace company's stock worth $798,000 after purchasing an additional 169 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of General Dynamics by 3.4% during the second quarter. NewEdge Advisors LLC now owns 42,991 shares of the aerospace company's stock worth $15,229,000 after purchasing an additional 1,409 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of General Dynamics by 3.8% during the 2nd quarter. IFP Advisors Inc now owns 9,097 shares of the aerospace company's stock valued at $3,223,000 after purchasing an additional 334 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. acquired a new stake in shares of General Dynamics in the 2nd quarter worth $204,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup boosted their target price on General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Jefferies Financial Group raised their price target on General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Wall Street Zen lowered General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Morgan Stanley upped their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Finally, TD Cowen increased their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $411.58.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction that occurred on 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 directly owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by company insiders.

General Dynamics Stock Performance

Shares of GD stock opened at $352.78 on Thursday. The firm has a market capitalization of $95.45 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.06 and a beta of 0.32. 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 business has a fifty day moving average of $378.56 and a 200 day moving average of $357.52. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00.

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 for the quarter, beating the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.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 business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, research analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors 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 dividend on an annualized basis and a yield of 1.8%. General Dynamics's dividend payout ratio is currently 38.80%.

General Dynamics Profile

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.

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