Simplicity Wealth LLC Takes Position in General Dynamics Corporation $GD

Simplicity Wealth LLC acquired a new position in General Dynamics Corporation (NYSE:GD) during the second quarter, HoldingsChannel.com reports. The fund acquired 17,930 shares of the aerospace company’s stock, valued at approximately $6,352,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after purchasing an additional 528,769 shares during the period. State Street Corp increased its position in shares of General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after buying an additional 294,456 shares during the period. Geode Capital Management LLC increased its position in shares of General Dynamics by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after buying an additional 195,604 shares during the period. JPMorgan Chase & Co. raised its stake in General Dynamics by 2.2% during the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after buying an additional 114,647 shares during the last quarter. Finally, Northern Trust Corp raised its stake in General Dynamics by 3.3% during the fourth quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company’s stock worth $1,159,273,000 after buying an additional 110,536 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’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 completion of the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group cut their price target 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of General Dynamics in a research note on Monday, August 10th. Royal Bank Of Canada upped their target price on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Finally, BNP Paribas Exane raised their target price on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $410.89.

General Dynamics Stock Down 0.1%

Shares of NYSE GD opened at $395.46 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm 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 0.32. The company’s fifty day simple moving average is $370.17 and its 200 day simple moving average is $354.64. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $13.52 billion. During the same period in the previous year, the firm posted $3.74 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is presently 38.80%.

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.