Varma Mutual Pension Insurance Co Makes New Investment in General Dynamics Corporation $GD

Varma Mutual Pension Insurance Co purchased a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,900 shares of the aerospace company's stock, valued at approximately $15,197,000.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC lifted its position in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after acquiring an additional 417 shares in the last quarter. Acadian Asset Management LLC raised its stake in General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company's stock valued at $938,000 after purchasing an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in General Dynamics in the 2nd quarter valued at about $240,000. Flow Traders U.S. LLC purchased a new position in General Dynamics in the 2nd quarter valued at about $352,000. Finally, Jump Financial LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth about $1,284,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company's stock in a transaction dated 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 sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. Company insiders own 1.40% of the company's stock.

General Dynamics Price Performance

General Dynamics stock opened at $384.50 on Monday. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The firm has a 50 day moving average price of $374.15 and a 200 day moving average price of $355.88. The company has a market cap of $104.03 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.22 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 results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GD shares. Morgan Stanley lifted their price target on shares of General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Jefferies Financial Group raised 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. UBS Group lifted their target price on shares of General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. BNP Paribas Exane boosted their price target on General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Finally, Robert W. Baird set a $430.00 price objective on General Dynamics in a report on Thursday, July 30th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $410.89.

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.

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