Tocqueville Asset Management L.P. Reduces Holdings in General Dynamics Corporation $GD

Tocqueville Asset Management L.P. decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 48.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,039 shares of the aerospace company’s stock after selling 1,900 shares during the period. Tocqueville Asset Management L.P.’s holdings in General Dynamics were worth $722,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GD. Whipplewood Advisors LLC grew 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 bought a new position in shares of General Dynamics in the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC lifted its stake in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares during the period. Paladin Partners LLC purchased a new position in shares of General Dynamics in the 2nd quarter valued at approximately $30,000. Finally, Center for Financial Planning Inc. boosted 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 valued at $31,000 after purchasing an additional 64 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Down 0.4%

Shares of NYSE:GD opened at $384.50 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $374.15 and a two-hundred day simple moving average of $355.82. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The stock has a market capitalization of $104.03 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.23 and a beta of 0.33.

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. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. During the same period in the prior year, the firm posted $3.74 earnings per share. The company’s quarterly 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, 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 disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction that occurred on 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 owned 44,767 shares in the company, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GD. Jefferies Financial Group upped their price target on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Bank of America boosted their target price on shares of General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a report on Monday, July 6th. TD Cowen upped their target price on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Susquehanna increased their price target on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

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.