Man Group plc Grows Stock Position in General Dynamics Corporation $GD

Man Group plc grew its position in shares of General Dynamics Corporation (NYSE:GD) by 11.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,811 shares of the aerospace company’s stock after purchasing an additional 42,919 shares during the period. Man Group plc owned approximately 0.15% of General Dynamics worth $146,588,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC grew its holdings in General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Scarborough Advisors LLC purchased a new position in General Dynamics in the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC grew its stake in shares of General Dynamics by 79.6% during 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 in the last quarter. Paladin Partners LLC purchased a new stake in shares of General Dynamics during the second quarter worth about $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 worth $31,000 after acquiring an additional 64 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GD shares. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. BNP Paribas Exane upped their target price on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. The Goldman Sachs Group reduced their target price on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. Bank of America lifted 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. Finally, JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $410.89.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Amy 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 transaction of $16,323,767.20. Following the sale, 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. The SEC filing for this sale provides additional information. Insiders sold a total of 100,228 shares of company stock worth $38,052,853 over the last 90 days. Insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 1.9%

Shares of NYSE GD opened at $376.49 on Wednesday. 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 stock’s 50 day moving average price is $374.88 and its two-hundred day moving average price is $356.25. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The stock has a market capitalization of $101.86 billion, a P/E ratio of 22.97, a PEG ratio of 2.22 and a beta of 0.33.

General Dynamics (NYSE:GD) last issued 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. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the firm earned $3.74 EPS. The business’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.

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.