Simplicity Wealth LLC Makes New Investment in General Dynamics Corporation $GD

Key Points

• Simplicity Wealth LLC acquired 17,930 General Dynamics shares during the second quarter, valued at approximately $6.35 million. Institutional investors 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 $410.89; recent targets range as high as $465.
• General Dynamics beat quarterly expectations with $4.24 in EPS and $14.09 billion in revenue, while declaring a quarterly dividend of $1.59 per share. However, insiders sold roughly 100,228 shares worth $38.1 million over the past 90 days.

Simplicity Wealth LLC acquired a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,930 shares of the aerospace company's stock, valued at approximately $6,352,000.

Several other large investors also recently modified their holdings of GD. Whipplewood Advisors LLC boosted its holdings in shares of General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after buying an additional 69 shares during the period. Scarborough Advisors LLC bought a new position in General Dynamics in the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC lifted its position in General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock worth $30,000 after acquiring an additional 39 shares during the last quarter. Center for Financial Planning Inc. lifted its position in General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock worth $31,000 after acquiring an additional 64 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of General Dynamics during the fourth quarter worth approximately $31,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GD shares. Citigroup increased 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $384.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Morgan Stanley upped their price objective on General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Sanford C. Bernstein reissued a "market perform" rating and set a $421.00 target price on shares of General Dynamics in a report on Monday, August 10th. Finally, Susquehanna boosted their price target on General Dynamics from $420.00 to $455.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $410.89.

Insider Buying and Selling

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm's 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction on 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 transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock worth $38,052,853 in the last ninety days. Company insiders own 1.40% of the company's stock.

General Dynamics Trading Down 0.1%

Shares of GD stock opened at $395.46 on Monday. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The stock's fifty day simple moving average is $370.17 and its 200 day simple moving average 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. The firm has a market capitalization 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 (NYSE:GD - Get Free Report) last posted its earnings results 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 last year, the company earned $3.74 earnings per share. The business's quarterly revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts predict 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. Investors of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio (DPR) is 38.80%.

General Dynamics 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source