Jones Financial Companies Lllp Lowers Position in General Dynamics Corporation $GD

Jones Financial Companies Lllp trimmed its position in General Dynamics Corporation (NYSE:GD) by 18.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,449 shares of the aerospace company’s stock after selling 58,214 shares during the period. Jones Financial Companies Lllp’s holdings in General Dynamics were worth $91,110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GD. Whipplewood Advisors LLC grew its holdings in General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares during the period. Scarborough Advisors LLC purchased a new position in shares of General Dynamics during the first quarter valued at approximately $29,000. Wilkerson Advisory Group LLC boosted 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 worth $30,000 after purchasing an additional 39 shares in the last quarter. Paladin Partners LLC purchased a new stake in shares of General Dynamics in the 2nd quarter worth approximately $30,000. Finally, Center for Financial Planning Inc. grew its stake in shares of General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after buying an additional 64 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of NYSE GD opened at $383.56 on Tuesday. The firm has a fifty day moving average price of $374.64 and a 200-day moving average price of $356.08. 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 stock has a market cap of $103.78 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.32. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00.

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, beating analysts’ consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion for 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%. General Dynamics’s revenue for the quarter was up 8.1% on a year-over-year basis. 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. Equities analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm 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 dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Analysts Set New Price Targets

GD has been the topic of several analyst reports. 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 report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Bank of America upped their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. UBS Group increased their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird set a $430.00 price target on General Dynamics in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Dynamics presently 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 sale, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by company insiders.

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.