Dearborn Partners LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 44,408 shares of the aerospace company’s stock, valued at approximately $15,731,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its stake in General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Paladin Partners LLC acquired a new position in General Dynamics in the 2nd quarter worth about $30,000. Scarborough Advisors LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth about $29,000. Wilkerson Advisory Group LLC lifted its holdings in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 39 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $31,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. Insiders own 1.40% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on General Dynamics
General Dynamics Stock Performance
NYSE:GD opened at $380.01 on Friday. The firm has a market capitalization of $102.82 billion, a PE ratio of 23.19, a PEG ratio of 2.21 and a beta of 0.33. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $375.86 and its 200 day simple moving average is $356.60.
General Dynamics (NYSE:GD – Get Free Report) last released its 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. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the previous year, the business earned $3.74 EPS. The business’s 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, sell-side analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current 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 given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.
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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