denkapparat Operations GmbH increased its stake in General Dynamics Corporation (NYSE:GD – Free Report) by 37.7% during the second quarter, Holdings Channel reports. The firm owned 5,916 shares of the aerospace company’s stock after acquiring an additional 1,620 shares during the period. General Dynamics makes up approximately 0.7% of denkapparat Operations GmbH’s investment portfolio, making the stock its 12th biggest position. denkapparat Operations GmbH’s holdings in General Dynamics were worth $2,096,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of GD. BlackRock Inc. acquired a new position in shares of General Dynamics in the 2nd quarter valued at approximately $6,840,590,000. Bank of America Corp DE bought a new position in General Dynamics in the second quarter valued at approximately $2,603,527,000. Corient Private Wealth LP acquired a new position in General Dynamics during the second quarter valued at approximately $57,986,000. Bank of New York Mellon Corp bought a new stake in General Dynamics during the second quarter worth $429,073,000. Finally, AQR Capital Management LLC lifted its stake in General Dynamics by 118.3% during the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock worth $567,372,000 after purchasing an additional 901,679 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.
Wall Street Analyst Weigh In
GD has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Citigroup lifted their price target on shares of General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, BNP Paribas Exane boosted their target price on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.
General Dynamics Stock Performance
Shares of GD stock opened at $366.04 on Friday. The stock has a market capitalization of $99.04 billion, a PE ratio of 22.33, a PEG ratio of 2.10 and a beta of 0.32. The business’s 50 day simple moving average is $378.22 and its 200 day simple moving average is $357.27. 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 one year low of $306.77 and a one year high of $400.00.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period last year, the company posted $3.74 EPS. The business’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. As a group, research analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.
General Dynamics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is 38.80%.
Insider Buying and Selling at General Dynamics
In related news, EVP Marguerite Gilliland sold 43,180 shares of the business’s stock in a transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by company insiders.
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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