Sequoia Financial Advisors LLC Has $19.54 Million Stake in General Dynamics Corporation $GD

Sequoia Financial Advisors LLC raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 9.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,163 shares of the aerospace company’s stock after acquiring an additional 4,734 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in General Dynamics were worth $19,541,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GD. Whipplewood Advisors LLC grew its position in 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. Scarborough Advisors LLC bought a new stake in shares of General Dynamics in the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC lifted 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 acquiring an additional 39 shares during the period. Paladin Partners LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $30,000. Finally, Center for Financial Planning Inc. increased its position in shares of 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 purchasing an additional 64 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of a number of recent research reports. UBS Group upped their target price on General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a research note on Tuesday. Jefferies Financial Group increased their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada lifted their target price on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Citigroup lifted their price objective on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $411.58.

Insider Activity

In other General Dynamics news, EVP Marguerite Gilliland sold 43,180 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were 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 directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the 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 directly 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by corporate insiders.

General Dynamics Price Performance

NYSE:GD opened at $354.32 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm has a market cap of $95.87 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.32. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company’s 50-day moving average price is $378.18 and its two-hundred day moving average price is $357.54.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. General Dynamics’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

General Dynamics Company Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.