Kelleher Financial Advisors Buys Shares of 1,300 General Dynamics Corporation $GD

Kelleher Financial Advisors bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,300 shares of the aerospace company’s stock, valued at approximately $461,000.

A number of other large investors have also recently made changes to their positions in GD. AQR Capital Management LLC grew its holdings in General Dynamics by 118.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after buying an additional 901,679 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of General Dynamics by 35.0% in the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after buying an additional 863,392 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of General Dynamics by 831.1% in the third quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock valued at $251,405,000 after acquiring an additional 658,081 shares during the period. Vanguard Group Inc. grew its stake in General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after acquiring an additional 528,769 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in General Dynamics by 613.0% during the fourth quarter. Corient Private Wealth LLC now owns 613,732 shares of the aerospace company’s stock valued at $206,619,000 after acquiring an additional 527,651 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GD has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research note on Monday, May 4th. BNP Paribas Exane boosted their price target on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup lifted their price objective on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company boosted their target price on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. One 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $410.89.

Insider Activity at General Dynamics

In other General Dynamics news, 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 transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 over the last 90 days. 1.40% of the stock is owned by insiders.

General Dynamics Trading Up 0.6%

Shares of GD opened at $395.46 on Friday. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The company has a market capitalization of $106.99 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.29 and a beta of 0.33. 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 firm’s 50 day simple moving average is $370.17 and its 200 day simple moving average is $354.71.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 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 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 company earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics’s payout ratio is 38.80%.

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.