UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in General Dynamics Corporation $GD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in General Dynamics Corporation (NYSE:GD) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,169 shares of the aerospace company’s stock after acquiring an additional 17,463 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in General Dynamics were worth $247,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. New Mexico Educational Retirement Board boosted its holdings in shares of General Dynamics by 8.6% in the second quarter. New Mexico Educational Retirement Board now owns 12,614 shares of the aerospace company’s stock valued at $4,468,000 after purchasing an additional 1,000 shares during the period. Toth Financial Advisory Corp increased its holdings in General Dynamics by 3.7% during the 2nd quarter. Toth Financial Advisory Corp now owns 29,333 shares of the aerospace company’s stock worth $10,391,000 after purchasing an additional 1,044 shares during the period. Mufg Securities Americas Inc. raised its position in General Dynamics by 8.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 7,645 shares of the aerospace company’s stock valued at $2,708,000 after purchasing an additional 623 shares in the last quarter. Roffman Miller Associates Inc. PA lifted its holdings in shares of General Dynamics by 1.2% in the 2nd quarter. Roffman Miller Associates Inc. PA now owns 88,480 shares of the aerospace company’s stock worth $31,343,000 after buying an additional 1,026 shares during the period. Finally, Nissay Asset Management Corp Japan grew its position in shares of General Dynamics by 3.8% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 31,083 shares of the aerospace company’s stock worth $11,011,000 after buying an additional 1,142 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark Malcolm sold 5,480 shares of the firm’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 sale, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,228 shares of company stock worth $38,052,853 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GD has been the topic of several research reports. Morgan Stanley raised their price target on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. UBS Group increased their target price on shares of General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. The Goldman Sachs Group cut their target price 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. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Finally, Susquehanna increased their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Trading Down 1.9%

Shares of NYSE GD opened at $372.00 on Tuesday. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The business has a fifty day moving average price of $377.02 and a 200 day moving average price of $356.83. The stock has a market capitalization of $100.65 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.19 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts expect that General Dynamics Corporation will post 16.97 EPS 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. Stockholders of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s payout ratio is presently 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.