Waverly Advisors LLC Grows Stake in General Dynamics Corporation $GD

Key Points

• Waverly Advisors increased its General Dynamics stake by 243.1% in the second quarter, reaching 72,813 shares valued at approximately $25.8 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported stronger-than-expected quarterly results, with EPS of $4.24 versus a $3.96 estimate and revenue of $14.09 billion, up 8.1% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $411.58.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 payout and a 1.8% yield. Meanwhile, insiders sold roughly $38.1 million of stock over the past three months.

Waverly Advisors LLC raised its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 243.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,813 shares of the aerospace company's stock after purchasing an additional 51,589 shares during the period. Waverly Advisors LLC's holdings in General Dynamics were worth $25,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. Empirical Finance LLC increased its stake in shares of General Dynamics by 3.8% during the second quarter. Empirical Finance LLC now owns 8,067 shares of the aerospace company's stock valued at $2,858,000 after buying an additional 299 shares during the period. Nykredit A S bought a new stake in shares of General Dynamics in the second quarter valued at about $3,800,000. Parkside Financial Bank & Trust lifted its stake in General Dynamics by 12.1% in the second quarter. Parkside Financial Bank & Trust now owns 3,778 shares of the aerospace company's stock worth $1,338,000 after acquiring an additional 409 shares during the period. Brown Lisle Cummings Inc. grew its holdings in General Dynamics by 11.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,872 shares of the aerospace company's stock worth $1,017,000 after acquiring an additional 300 shares in the last quarter. Finally, Amundi grew its holdings in General Dynamics by 13.6% during the 2nd quarter. Amundi now owns 171,313 shares of the aerospace company's stock worth $60,686,000 after acquiring an additional 20,560 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on GD. Sanford C. Bernstein restated a "market perform" rating and issued a $421.00 price target on shares of General Dynamics in a report on Monday, August 10th. TD Cowen increased their price objective 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. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a report on Thursday, July 30th. Susquehanna boosted their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group upped their target price on General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of "Moderate Buy" and a consensus price target of $411.58.

General Dynamics Trading Down 0.7%

Shares of NYSE:GD opened at $357.04 on Wednesday. The business's 50-day moving average is $378.76 and its 200 day moving average is $357.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The firm has a market capitalization of $96.60 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.07 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share 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 the consensus estimate of $13.52 billion. During the same quarter last year, the company earned $3.74 earnings per share. The company'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. On average, research analysts predict that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid 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 1.8%. General Dynamics's dividend payout ratio (DPR) is 38.80%.

Insider Buying and Selling

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 shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the sale, the director owned 10,643 shares of the company's stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marguerite Gilliland sold 43,180 shares of the company's stock in a transaction that occurred 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 in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock worth $38,052,853 in the last three months. Corporate insiders own 1.40% of the company's stock.

About General Dynamics

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.

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