Principle Wealth Partners LLC purchased a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,875 shares of the aerospace company's stock, valued at approximately $8,812,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC increased its stake in General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $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 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC boosted its position in shares of General Dynamics by 79.6% during 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. Motiv8 Investments LLC purchased a new position in shares of General Dynamics during the fourth quarter worth about $31,000. Finally, Center for Financial Planning Inc. increased its position in shares of General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.
Insider Activity at General Dynamics
In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the 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 owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. Insiders own 1.40% of the company's stock.
General Dynamics Stock Performance
Shares of NYSE GD opened at $390.67 on Tuesday. The stock's 50-day moving average is $371.16 and its 200 day moving average is $354.81. The stock has a market cap of $105.70 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 2.29 and a beta of 0.33. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.
General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the prior year, the firm earned $3.74 earnings per share. General Dynamics's revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts anticipate 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 paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. General Dynamics's dividend payout ratio is 38.80%.
Analyst Upgrades and Downgrades
GD has been the topic of a number of recent analyst reports. Bank of America raised their target price 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. DA Davidson decreased their price target on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. The Goldman Sachs Group lowered their price objective on shares of General Dynamics from $327.00 to $313.00 and set a "sell" rating on the stock in a research report on Monday, May 4th. Susquehanna lifted their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group upped their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $410.89.
Check Out Our Latest Analysis on GD
About General Dynamics
(
Free Report)
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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