Van Hulzen Asset Management LLC Sells 1,364 Shares of General Dynamics Corporation $GD

Van Hulzen Asset Management LLC reduced its holdings in shares of General Dynamics Corporation (NYSE:GD) by 12.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,794 shares of the aerospace company’s stock after selling 1,364 shares during the period. Van Hulzen Asset Management LLC’s holdings in General Dynamics were worth $3,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Whipplewood Advisors LLC increased its holdings in General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 69 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at $29,000. Wilkerson Advisory Group LLC lifted its stake in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 39 shares in the last quarter. Paladin Partners LLC bought a new stake in General Dynamics during the second quarter valued at about $30,000. Finally, Center for Financial Planning Inc. raised its holdings in General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The shares were 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 of the company’s stock, valued at $3,884,695. The trade was 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 in the last ninety days. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GD shares. The Goldman Sachs Group dropped their price objective on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. Jefferies Financial Group lifted their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price target on shares of General Dynamics in a research note on Monday, August 10th. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Trading Down 0.2%

GD stock opened at $383.56 on Tuesday. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The firm’s 50-day moving average is $374.64 and its 200 day moving average is $356.08. The company has a market capitalization of $103.78 billion, a PE ratio of 23.40, a P/E/G ratio of 2.22 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 (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. The company 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 firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 EPS. 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 EPS for the current year.

General Dynamics Announces Dividend

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 paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is 38.80%.

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.