Commerce Bank Has $23.95 Million Stake in General Dynamics Corporation $GD

Commerce Bank lowered its holdings in shares of General Dynamics Corporation (NYSE:GD) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 67,601 shares of the aerospace company’s stock after selling 1,799 shares during the quarter. Commerce Bank’s holdings in General Dynamics were worth $23,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

General Dynamics Price Performance

Shares of General Dynamics stock opened at $384.50 on Friday. The stock has a market capitalization of $104.03 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.22 and a beta of 0.33. The firm’s 50-day moving average price is $374.15 and its two-hundred day moving average price is $355.82. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities analysts predict that General Dynamics Corporation will post 16.97 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 given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Insider Activity at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the company’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 directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GD shares. Royal Bank Of Canada raised their price target on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Susquehanna increased their target price on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Citigroup boosted their price target on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. The Goldman Sachs Group lowered their price target on General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research report on Monday, May 4th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price objective on shares of General Dynamics in a report on Monday, August 10th. One research 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 given a Sell rating to the company’s stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus 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.