Quantbot Technologies LP cut its position in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 38.4% during the 2nd quarter, Holdings Channel reports. The firm owned 29,966 shares of the aerospace company’s stock after selling 18,711 shares during the quarter. General Dynamics comprises 0.4% of Quantbot Technologies LP’s portfolio, making the stock its 24th biggest holding. Quantbot Technologies LP’s holdings in General Dynamics were worth $10,615,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of General Dynamics during the 2nd quarter worth about $6,840,590,000. Bank of New York Mellon Corp bought a new position in General Dynamics during the 2nd quarter worth $429,073,000. AQR Capital Management LLC raised its stake in General Dynamics by 118.3% in the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after purchasing an additional 901,679 shares in the last quarter. Northern Trust Corp raised its position in shares of General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after buying an additional 863,392 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of General Dynamics by 831.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock worth $251,405,000 after acquiring an additional 658,081 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction on 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 transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated 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 directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over 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.
General Dynamics Stock Down 0.4%
General Dynamics (NYSE:GD – Get Free Report) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities analysts predict that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.
General Dynamics Announces Dividend
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 given a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Royal Bank Of Canada boosted their price objective on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. 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. Citigroup boosted their price target on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Robert W. Baird set a $430.00 price objective on General Dynamics in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price objective on shares of General Dynamics in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $410.89.
Get Our Latest Stock Report on GD
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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