Stonebridge Capital Management Inc. Makes New $5.38 Million Investment in General Dynamics Corporation $GD

Stonebridge Capital Management Inc. purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,193 shares of the aerospace company’s stock, valued at approximately $5,382,000. General Dynamics comprises 2.6% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 12th largest position.

Other hedge funds have also recently made changes to their positions in the company. Oxford Financial Group LTD. LLC lifted its stake in General Dynamics by 1.9% in the second 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 during the last quarter. Willner & Heller LLC lifted its stake in shares of General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after acquiring an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC grew its position in General Dynamics by 0.8% during the 2nd 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 last quarter. Klingman & Associates LLC increased its stake in General Dynamics by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 30 shares during the period. Finally, Keating Financial Advisory Services Inc. boosted its stake in shares of General Dynamics by 16.7% during the second 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 during the period. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. DA Davidson lowered their price target on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Royal Bank Of Canada upped their target price on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. The Goldman Sachs Group reduced their price objective on shares of 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, BNP Paribas Exane lifted their target price on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $410.89.

Insiders Place Their Bets

In other news, 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 transaction of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares of the company’s stock, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred 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 sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of GD opened at $382.08 on Thursday. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. 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 has a market cap of $103.38 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.18 and a beta of 0.33. The business’s 50 day moving average price is $375.27 and its 200-day moving average price is $356.46.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is presently 38.80%.

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.