OMC Financial Services LTD Makes New $919,000 Investment in General Dynamics Corporation $GD

Key Points

• OMC Financial Services purchased 2,595 General Dynamics shares worth approximately $919,000 during the second quarter. Institutional investors collectively own 86.14% of the company.
• Analysts maintain a generally positive outlook, with General Dynamics receiving a consensus “Moderate Buy” rating and an average price target of $410.89.
• General Dynamics beat quarterly expectations, reporting $4.24 in EPS and $14.09 billion in revenue, while revenue grew 8.1% year over year. The company also declared a quarterly dividend of $1.59 per share, yielding 1.6% annually.

OMC Financial Services LTD acquired a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,595 shares of the aerospace company's stock, valued at approximately $919,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. J.Safra Asset Management Corp purchased a new stake in General Dynamics during the second quarter worth approximately $975,000. Flputnam Investment Management Co. purchased a new position in General Dynamics in the second quarter valued at approximately $3,731,000. Global Retirement Partners LLC acquired a new stake in General Dynamics during the second quarter worth approximately $2,333,000. 1ST Source Bank purchased a new stake in shares of General Dynamics during the 2nd quarter worth approximately $2,605,000. Finally, Elite Life Management LLC purchased a new stake in shares of General Dynamics during the 2nd quarter worth approximately $302,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

GD has been the topic of a number of recent analyst reports. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. UBS Group upped their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Citigroup raised their price objective on General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Wall Street Zen cut General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Jefferies Financial Group boosted their target price on General Dynamics from $400.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $410.89.

General Dynamics Stock Performance

NYSE GD opened at $395.46 on Monday. The firm has a market cap of $106.99 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.29 and a beta of 0.32. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The business's 50-day moving average price is $370.17 and its 200 day moving average price is $354.64. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

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, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the prior year, the business earned $3.74 EPS. The firm's 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. On average, equities research analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

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

Insider Transactions at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the company's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,228 shares of company stock valued at $38,052,853 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

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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