Transamerica Financial Advisors LLC Acquires Shares of 2,431 General Dynamics Corporation $GD

Transamerica Financial Advisors LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, Holdings Channel.com reports. The firm bought 2,431 shares of the aerospace company’s stock, valued at approximately $861,000.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC raised its position in General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the 1st quarter valued at $29,000. Wilkerson Advisory Group LLC increased 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 buying an additional 39 shares during the period. Paladin Partners LLC bought a new stake in shares of General Dynamics during the second quarter worth $30,000. Finally, Center for Financial Planning Inc. raised 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.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by company insiders.

General Dynamics Trading Up 1.5%

NYSE GD opened at $382.08 on Thursday. 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 simple moving average of $375.27 and a 200 day simple moving average of $356.46. 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 company has a market capitalization of $103.38 billion, a PE ratio of 23.31, a P/E/G ratio of 2.18 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 earnings per share (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 revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

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 paid a dividend of $1.59 per share. The ex-dividend date of this dividend 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 presently 38.80%.

Analyst Ratings Changes

Several equities analysts recently issued reports on GD shares. Susquehanna raised their price target on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a report on Thursday, July 30th. UBS Group upped their target price on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Morgan Stanley raised their target price on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. DA Davidson lowered their price target on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.