Focus Partners Advisor Solutions LLC Makes New $6.70 Million Investment in General Dynamics Corporation $GD

Focus Partners Advisor Solutions LLC acquired a new stake in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 18,907 shares of the aerospace company’s stock, valued at approximately $6,698,000.

Several other large investors have also modified their holdings of GD. State of Wyoming acquired a new stake in shares of General Dynamics in the second quarter worth approximately $216,000. Summit Asset Management LLC purchased a new stake in General Dynamics in the second quarter valued at approximately $569,000. Kelleher Financial Advisors acquired a new position in General Dynamics during the second quarter worth approximately $461,000. EJMK Ventures LLC purchased a new position in General Dynamics during the second quarter worth approximately $346,000. Finally, Bellars Harris Wealth Management LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at $5,015,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s 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 transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Stock Performance

Shares of GD stock opened at $395.46 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 company has a market cap of $106.99 billion, a PE ratio of 24.13, a P/E/G ratio of 2.29 and a beta of 0.33. The company’s fifty day simple moving average is $370.17 and its 200-day simple moving average is $354.71. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same period in the prior year, the company earned $3.74 EPS. The firm’s 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. As a group, equities research analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.6%. General Dynamics’s dividend payout ratio is presently 38.80%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GD. BNP Paribas Exane boosted their price objective 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. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of General Dynamics in a research report on Monday, August 10th. Citigroup boosted their price target on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Morgan Stanley upped their price target on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics 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.