General Dynamics Corporation $GD Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of General Dynamics Corporation (NYSE:GD) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,991 shares of the aerospace company’s stock after purchasing an additional 1,409 shares during the period. NewEdge Advisors LLC’s holdings in General Dynamics were worth $15,229,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of General Dynamics in the 2nd quarter valued at $240,000. Flow Traders U.S. LLC purchased a new stake in General Dynamics in the second quarter valued at $352,000. Finally, Jump Financial LLC acquired a new position in General Dynamics in the second quarter valued at $1,284,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other news, CEO Phebe Novakovic sold 51,568 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marguerite Gilliland sold 43,180 shares of the firm’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 completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock worth $38,052,853 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on GD shares. Morgan Stanley boosted their target price on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Wells Fargo & Company boosted their price objective on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. UBS Group lifted their target price on shares of General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Susquehanna upped their price target on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $411.58.

General Dynamics Trading Up 0.6%

NYSE:GD opened at $356.44 on Friday. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. 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’s 50 day simple moving average is $377.84 and its 200-day simple moving average is $357.53. The firm has a market cap of $96.44 billion, a P/E ratio of 21.75, a PEG ratio of 2.04 and a beta of 0.32.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.