Proficio Capital Partners LLC bought a new position in General Dynamics Corporation (NYSE:GD – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,577 shares of the aerospace company’s stock, valued at approximately $559,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caisse de depot et placement du Quebec increased its position in shares of General Dynamics by 454.0% in the second quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company’s stock worth $64,088,000 after purchasing an additional 148,262 shares during the last quarter. Empowered Funds LLC bought a new position in shares of General Dynamics in the 2nd quarter worth $21,368,000. United Capital Financial Advisors LLC bought a new stake in shares of General Dynamics during the 2nd quarter worth $30,781,000. Jefferies Financial Group Inc. purchased a new position in General Dynamics in the fourth quarter worth $7,914,000. Finally, Professional Advisory Services Inc. raised its position in General Dynamics by 4.0% during the second quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock valued at $23,744,000 after purchasing an additional 2,562 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GD. Robert W. Baird set a $430.00 price objective on General Dynamics in a report on Thursday, July 30th. BNP Paribas Exane boosted their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Royal Bank Of Canada raised their price objective on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. One 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’s stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $410.89.
General Dynamics Trading Down 1.5%
NYSE:GD opened at $363.98 on Thursday. The firm has a market capitalization of $98.48 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.13 and a beta of 0.32. 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 has a fifty day moving average of $377.78 and a 200 day moving average of $357.15. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00.
General Dynamics (NYSE:GD – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, research analysts predict 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. Investors of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.
Insider Buying and Selling at General Dynamics
In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction that occurred on Friday, July 31st. The stock was 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 in the company, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock valued at $38,052,853 in the last 90 days. Insiders own 1.40% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than General Dynamics
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD – Free Report).
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
