Corient Private Wealth LP Takes $57.99 Million Position in General Dynamics Corporation $GD

Corient Private Wealth LP purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,659,480 shares of the aerospace company’s stock, valued at approximately $57,986,000. Corient Private Wealth LP owned about 0.61% of General Dynamics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GD. Oxford Financial Group LTD. LLC lifted its holdings in General Dynamics by 1.9% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock worth $505,000 after purchasing an additional 26 shares in the last quarter. Willner & Heller LLC lifted its position in shares of General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after purchasing an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC increased its position in shares of General Dynamics by 0.8% during the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after acquiring an additional 28 shares during the period. Klingman & Associates LLC grew its position in shares of General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after buying an additional 30 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. raised its holdings in shares of General Dynamics by 16.7% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company’s stock valued at $77,000 after purchasing an additional 31 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Performance

NYSE:GD opened at $380.01 on Friday. The stock has a market capitalization of $102.82 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.21 and a beta of 0.33. 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 12-month low of $306.77 and a 12-month high of $400.00. The stock has a 50-day moving average price of $375.86 and a 200 day moving average price of $356.60.

General Dynamics (NYSE:GD) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders 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 yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction that occurred 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 sale, the director directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’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 transaction, the executive vice president directly owned 44,767 shares in the company, 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 have sold 100,228 shares of company stock valued at $38,052,853 over the last ninety days. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GD. Morgan Stanley upped their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. BNP Paribas Exane boosted their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, DA Davidson decreased their price objective on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $410.89.

General Dynamics 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.