Wellington Management Group LLP trimmed its stake in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 1.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 356,297 shares of the aerospace company’s stock after selling 4,390 shares during the quarter. Wellington Management Group LLP owned about 0.13% of General Dynamics worth $126,215,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Oxford Financial Group LTD. LLC increased its holdings in General Dynamics by 1.9% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after buying an additional 26 shares during the period. Willner & Heller LLC lifted its holdings in shares of General Dynamics by 1.4% during the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after acquiring an additional 28 shares during the period. Meriwether Wealth & Planning LLC boosted its position in shares of General Dynamics by 0.8% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after acquiring an additional 28 shares in the last quarter. Klingman & Associates LLC increased its stake in General Dynamics by 3.3% in the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 30 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. raised its position in General Dynamics by 16.7% during the second quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company’s stock valued at $77,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.
Insider Buying and Selling at General Dynamics
In other news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by company insiders.
General Dynamics Stock Down 0.6%
General Dynamics (NYSE:GD – Get Free Report) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.
General Dynamics Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on GD. UBS Group lifted their price target on General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Morgan Stanley lifted their target price on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. TD Cowen boosted their target price on General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group raised their price target on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $410.89.
Get Our Latest Analysis on General Dynamics
General Dynamics Company 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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