Uniting Wealth Partners LLC acquired a new position in shares of General Dynamics Corporation (NYSE:GD – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 1,731 shares of the aerospace company’s stock, valued at approximately $613,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of General Dynamics by 2.2% during the fourth 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. M&T Bank Corp boosted its stake in shares of General Dynamics by 155.6% in the fourth quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock valued at $35,273,000 after buying an additional 63,781 shares during the period. Jefferies Financial Group Inc. acquired a new stake in General Dynamics during the fourth quarter worth approximately $7,914,000. Deutsche Bank AG grew its position in General Dynamics by 12.2% during the fourth quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company’s stock worth $316,213,000 after buying an additional 102,208 shares in the last quarter. Finally, Rayburn West Financial Services LLC bought a new position in General Dynamics during the 4th quarter worth $2,387,000. Institutional investors and hedge funds own 86.14% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Susquehanna lifted their price objective on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Wells Fargo & Company raised their price target on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Jefferies Financial Group boosted their price target on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $410.89.
Insiders Place Their Bets
In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction dated Friday, July 31st. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by corporate insiders.
General Dynamics Stock Down 0.1%
NYSE GD opened at $395.46 on Monday. The business has a fifty day moving average price of $370.17 and a two-hundred day moving average price of $354.64. The stock has a market capitalization of $106.99 billion, a PE ratio of 24.13, a PEG ratio of 2.29 and a beta of 0.32. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. 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 (NYSE:GD – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (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 company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the company posted $3.74 EPS. The company’s revenue for the quarter 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. Equities analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.
General Dynamics Announces Dividend
The firm also recently announced 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 is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.
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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