General Dynamics Corporation $GD Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 52.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,940 shares of the aerospace company’s stock after selling 9,687 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in General Dynamics were worth $3,167,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC grew its position in shares of 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 buying an additional 69 shares in the last quarter. Steph & Co. lifted its stake in General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares during the last quarter. Scarborough Advisors LLC acquired a new position in General Dynamics during the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC increased its position in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 target price on shares of General Dynamics in a research note on Monday. Morgan Stanley lifted their price target on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Finally, BNP Paribas Exane boosted their target price on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.89.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $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 accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last 90 days. Company insiders own 1.40% of the company’s stock.

General Dynamics Trading Up 0.9%

NYSE:GD opened at $395.64 on Tuesday. The firm has a market cap of $107.04 billion, a P/E ratio of 24.14, a PEG ratio of 2.27 and a beta of 0.32. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The stock’s 50 day simple moving average is $365.96 and its 200-day simple moving average is $353.82.

General Dynamics (NYSE:GD) last issued its 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. The business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued 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 yield of 1.6%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

General Dynamics Company 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.