Strategic Global Advisors LLC Invests $3.66 Million in General Dynamics Corporation $GD

Strategic Global Advisors LLC purchased a new position in shares of General Dynamics Corporation (NYSE:GDFree Report) during the second quarter, Holdings Channel reports. The firm purchased 10,329 shares of the aerospace company’s stock, valued at approximately $3,659,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC raised its position in General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 69 shares during the period. Scarborough Advisors LLC acquired a new stake in General Dynamics in the 1st quarter worth about $29,000. Wilkerson Advisory Group LLC increased its stake in General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 39 shares in the last quarter. Paladin Partners LLC acquired a new position in shares of General Dynamics during the second quarter valued at approximately $30,000. Finally, Center for Financial Planning Inc. raised its holdings in shares of General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BNP Paribas Exane lifted their price target on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Bank of America increased their price objective on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Jefferies Financial Group raised their price objective on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Finally, UBS Group increased their target price on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One investment 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $410.89.

Get Our Latest Report on GD

General Dynamics Trading Up 1.5%

Shares of General Dynamics stock opened at $382.08 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $375.27 and its 200-day simple moving average is $356.46. The stock has a market cap of $103.38 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.18 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.

General Dynamics (NYSE:GDGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating 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 analysts’ expectations of $13.52 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts predict that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Transactions at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. 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 quarter. Company insiders own 1.40% of the company’s stock.

About General Dynamics

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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