UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in General Dynamics Corporation $GD

Key Points

• UBS Asset Management increased its General Dynamics stake by 2.6% in the second quarter, bringing its holdings to 699,169 shares valued at approximately $247.7 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly earnings of $4.24 per share, beating estimates of $3.96, while revenue rose 8.1% year over year to $14.09 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 payout and a 1.7% yield. Meanwhile, insiders sold more than 100,000 shares worth approximately $38.1 million over the past 90 days.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 699,169 shares of the aerospace company's stock after acquiring an additional 17,463 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of General Dynamics worth $247,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of General Dynamics in the second quarter worth about $6,840,590,000. State Street Corp grew its holdings in General Dynamics by 2.7% during the 4th 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 in the last quarter. Bank of America Corp DE bought a new stake in General Dynamics in the 2nd quarter worth approximately $2,603,527,000. Geode Capital Management LLC raised its holdings in shares of General Dynamics by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company's stock worth $2,039,742,000 after acquiring an additional 195,604 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of General Dynamics by 2.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company's stock worth $1,786,786,000 after acquiring an additional 114,647 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of recent research reports. Susquehanna raised their target price on shares of General Dynamics from $420.00 to $455.00 and gave the company a "positive" rating in a report on Thursday, July 30th. TD Cowen upped their price target 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. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, The Goldman Sachs Group decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, General Dynamics has a consensus rating of "Moderate Buy" and an average price target of $410.89.

General Dynamics Stock Performance

NYSE:GD opened at $372.00 on Tuesday. The stock's fifty day moving average is $377.02 and its 200 day moving average is $356.83. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a market capitalization of $100.65 billion, a PE ratio of 22.70, a PEG ratio of 2.19 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

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, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the previous year, the firm earned $3.74 earnings per share. General Dynamics's quarterly 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, sell-side analysts anticipate 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. Investors 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 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics's payout ratio is currently 38.80%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the business'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 transaction of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares in the company, valued at $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 100,228 shares of company stock worth $38,052,853. Insiders own 1.40% of the company's stock.

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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