Nykredit A S Takes Position in General Dynamics Corporation $GD

Key Points

• Nykredit A/S acquired 10,726 General Dynamics shares worth approximately $3.8 million in the second quarter, while institutional investors collectively own 86.14% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $411.58; recent targets range as high as $465.
• General Dynamics exceeded quarterly earnings and revenue expectations, reporting $4.24 in EPS and $14.09 billion in revenue, and declared a quarterly dividend of $1.59 per share, equivalent to a 1.9% yield.

Nykredit A S acquired a new position in General Dynamics Corporation (NYSE:GD - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,726 shares of the aerospace company's stock, valued at approximately $3,800,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in General Dynamics in the second quarter worth approximately $6,840,590,000. State Street Corp grew its stake in General Dynamics by 2.7% in the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company's stock valued at $3,812,058,000 after purchasing an additional 294,456 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of General Dynamics during the second quarter valued at about $2,603,527,000. Geode Capital Management LLC lifted its position in shares of General Dynamics by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company's stock valued at $2,039,742,000 after buying an additional 195,604 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of General Dynamics by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company's stock valued at $1,786,786,000 after buying an additional 114,647 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on GD shares. UBS Group boosted their price objective on shares of General Dynamics from $395.00 to $408.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 8th. TD Cowen increased their price objective on General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 30th. BNP Paribas Exane raised their price objective on General Dynamics from $390.00 to $430.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Morgan Stanley increased their price target on General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. One 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $411.58.

General Dynamics Price Performance

NYSE GD opened at $343.43 on Wednesday. The company has a market cap of $92.92 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.04 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 stock's fifty day moving average price is $375.16 and its 200 day moving average price is $357.50. 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, equities research analysts forecast that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio is 38.80%.

Insider Buying and Selling

In other news, EVP Marguerite Gilliland sold 43,180 shares of the company's stock in a transaction dated 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 owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company's stock.

About General Dynamics

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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