SWS Partners Purchases Shares of 8,919 General Dynamics Corporation $GD

Key Points

• SWS Partners purchased 8,919 General Dynamics shares in the second quarter, valued at approximately $3.16 million. Institutional investors and hedge funds collectively own 86.14% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $410.89; General Dynamics shares opened at $395.46, near their 52-week high of $400.
• General Dynamics exceeded quarterly earnings and revenue expectations, reporting $4.24 in EPS and $14.09 billion in revenue, while declaring a quarterly dividend of $1.59 per share, yielding about 1.6% annually.

SWS Partners purchased a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,919 shares of the aerospace company's stock, valued at approximately $3,159,000.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Vanguard Group Inc. grew its holdings in shares of General Dynamics by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company's stock worth $8,338,169,000 after purchasing an additional 528,769 shares during the period. State Street Corp raised its holdings 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 buying an additional 294,456 shares during the period. Geode Capital Management LLC lifted its position in 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 in the last quarter. JPMorgan Chase & Co. lifted its position in General Dynamics by 2.2% during the fourth 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. Finally, Northern Trust Corp grew its stake in General Dynamics by 3.3% during the fourth quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company's stock worth $1,159,273,000 after buying an additional 110,536 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GD has been the topic of a number of research reports. TD Cowen raised their target price on shares of General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Citigroup upped their price target on shares of General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 price target on General Dynamics in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Finally, Bank of America upped their target price on General Dynamics from $400.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. One research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $410.89.

General Dynamics Trading Up 0.6%

NYSE GD opened at $395.46 on Friday. The stock has a market cap of $106.99 billion, a P/E ratio of 24.13, a PEG ratio of 2.27 and a beta of 0.33. The company's fifty day simple moving average is $370.17 and its 200-day simple moving average is $354.71. 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 Corporation has a 52 week low of $306.77 and a 52 week high of $400.00.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period last year, the business earned $3.74 EPS. The business's 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. Equities research analysts predict that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's dividend payout ratio is presently 38.80%.

Insider Activity

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the 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 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 represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company's stock, valued at $3,884,695. This represents a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

General Dynamics Company 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