General Dynamics Corporation $GD Shares Acquired by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 43.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,212 shares of the aerospace company’s stock after buying an additional 1,873 shares during the period. Main Street Financial Solutions LLC’s holdings in General Dynamics were worth $2,200,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of General Dynamics by 140.2% during the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after purchasing an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of General Dynamics in the second quarter valued at $240,000. Flow Traders U.S. LLC purchased a new stake in shares of General Dynamics in the second quarter valued at $352,000. Finally, Jump Financial LLC acquired a new position in General Dynamics in the second quarter valued at $1,284,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.7%

NYSE GD opened at $393.77 on Wednesday. The company has a market capitalization of $106.54 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.29 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company’s fifty day moving average price is $372.12 and its two-hundred day moving average price is $355.08.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during 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 company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, research analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value 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. The trade was a 6.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the director owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 100,228 shares of company stock worth $38,052,853 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on GD. Morgan Stanley lifted their price target on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price target on shares of General Dynamics in a research note on Monday, August 10th. DA Davidson decreased their price target on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Finally, TD Cowen lifted their price objective on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $410.89.

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.