General Dynamics Corporation $GD Stock: Krilogy Financial LLC Increases Position

Krilogy Financial LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 85.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,206 shares of the aerospace company’s stock after purchasing an additional 2,866 shares during the period. Krilogy Financial LLC’s holdings in General Dynamics were worth $2,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Caisse de depot et placement du Quebec boosted its position in shares of General Dynamics by 454.0% during the second quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company’s stock valued at $64,088,000 after purchasing an additional 148,262 shares in the last quarter. Empowered Funds LLC purchased a new stake in General Dynamics in the second quarter worth $21,368,000. United Capital Financial Advisors LLC purchased a new stake in General Dynamics in the second quarter worth $30,781,000. Professional Advisory Services Inc. raised its holdings in General Dynamics by 4.0% in the second quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock worth $23,744,000 after purchasing an additional 2,562 shares in the last quarter. Finally, FSA Advisors Inc. bought a new position in General Dynamics in the second quarter worth $1,254,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GD shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Wells Fargo & Company upped their target price 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. Citigroup decreased their price target on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Morgan Stanley lifted their price target on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Susquehanna lifted their price target on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $402.32.

Insider Activity

In other news, CEO Phebe Novakovic sold 51,568 shares of the firm’s 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics 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 directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,188 shares of company stock worth $38,627,265 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Stock Performance

General Dynamics stock opened at $336.97 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 company has a market capitalization of $91.17 billion, a P/E ratio of 20.56, a PEG ratio of 1.93 and a beta of 0.33. The stock’s 50 day moving average is $359.44 and its 200 day moving average is $355.08. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities research analysts predict that General Dynamics Corporation will post 16.98 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. Stockholders of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is currently 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.