Fidelity National Financial Inc. acquired a new stake in shares of General Dynamics Corporation (NYSE:GD – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 56,100 shares of the aerospace company’s stock, valued at approximately $19,873,000. General Dynamics makes up about 0.6% of Fidelity National Financial Inc.’s investment portfolio, making the stock its 15th biggest holding.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Whipplewood Advisors LLC lifted its holdings in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Scarborough Advisors LLC bought a new stake in General Dynamics in the first quarter valued at $29,000. Wilkerson Advisory Group LLC boosted its holdings in shares of General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 39 shares during the period. Paladin Partners LLC bought a new position in shares of General Dynamics during the second quarter worth about $30,000. Finally, Center for Financial Planning Inc. grew its position in shares of General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the firm’s 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 transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 100,228 shares of company stock worth $38,052,853. Corporate insiders own 1.40% of the company’s stock.
General Dynamics Stock Performance
General Dynamics (NYSE:GD – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The business’s revenue for the quarter 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, sell-side analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.
General Dynamics Dividend Announcement
The firm also recently disclosed 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. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is presently 38.80%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on GD shares. DA Davidson cut their price objective on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 target price on shares of General Dynamics in a research report on Monday, August 10th. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. 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. Finally, Royal Bank Of Canada increased their price objective on General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $410.89.
Read Our Latest Research Report on GD
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.
Read More
- Five stocks we like better than General Dynamics
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD – Free Report).
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
