Edmond DE Rothschild Holding S.A. purchased a new position in shares of General Dynamics Corporation (NYSE:GD – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,195 shares of the aerospace company’s stock, valued at approximately $778,000.
Several other large investors have also recently added to or reduced their stakes in GD. Vanguard Group Inc. increased its stake in General Dynamics by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after buying an additional 528,769 shares during the period. M&T Bank Corp grew its stake in shares of General Dynamics by 155.6% during the fourth quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock valued at $35,273,000 after acquiring an additional 63,781 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of General Dynamics during the fourth quarter worth about $7,914,000. Deutsche Bank AG lifted its stake in shares of General Dynamics by 12.2% in the fourth quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company’s stock worth $316,213,000 after acquiring an additional 102,208 shares in the last quarter. Finally, Rayburn West Financial Services LLC acquired a new position in shares of General Dynamics in the fourth quarter worth about $2,387,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on GD. Citigroup increased their target price on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Morgan Stanley raised their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group dropped their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $410.89.
General Dynamics Trading Down 1.6%
Shares of NYSE:GD opened at $385.88 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $373.66 and its 200 day moving average price is $355.62. The company has a market cap of $104.40 billion, a PE ratio of 23.54, a P/E/G ratio of 2.27 and a beta of 0.33. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00.
General Dynamics (NYSE:GD – Get Free Report) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $13.52 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. General Dynamics’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. Sell-side analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share 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 issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.
Insider Activity at General Dynamics
In related news, CEO Phebe N. Novakovic sold 51,568 shares of the firm’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 sale, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction on 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 sale, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock worth $38,052,853 in the last three months. 1.40% of the stock is owned by company insiders.
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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