Confluence Investment Management LLC Decreases Holdings in General Dynamics Corporation $GD

Confluence Investment Management LLC lowered its stake in shares of General Dynamics Corporation (NYSE:GD) by 6.9% in the second quarter, Holdings Channel reports. The firm owned 65,990 shares of the aerospace company’s stock after selling 4,904 shares during the period. Confluence Investment Management LLC’s holdings in General Dynamics were worth $23,376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Eastern Bank lifted its stake in General Dynamics by 597.5% in the 2nd quarter. Eastern Bank now owns 279 shares of the aerospace company’s stock valued at $99,000 after buying an additional 239 shares in the last quarter. Roxbury Financial LLC increased its stake in General Dynamics by 3.1% during the 2nd quarter. Roxbury Financial LLC now owns 1,302 shares of the aerospace company’s stock worth $461,000 after buying an additional 39 shares in the last quarter. Hamilton Wealth LLC raised its holdings in shares of General Dynamics by 14.7% during the first quarter. Hamilton Wealth LLC now owns 1,258 shares of the aerospace company’s stock valued at $432,000 after acquiring an additional 161 shares during the last quarter. Ballast Advisors LLC acquired a new position in shares of General Dynamics during the first quarter valued at approximately $34,000. Finally, Sapient Capital LLC lifted its position in shares of General Dynamics by 10.4% in the first quarter. Sapient Capital LLC now owns 970 shares of the aerospace company’s stock valued at $333,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $382.81 on Tuesday. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a market capitalization of $103.57 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.32. The stock’s fifty day moving average is $361.54 and its two-hundred day moving average is $353.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the previous year, the company posted $3.74 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s payout ratio is presently 38.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GD. UBS Group boosted their price target on General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a research report on Monday. Robert W. Baird set a $430.00 price objective on General Dynamics in a report on Thursday. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, BNP Paribas Exane raised their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $407.58.

Insider Buying and Selling

In related news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction 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 sale, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 78,190 shares of company stock worth $27,041,022 over the last quarter. 1.40% of the stock is currently owned by 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.