Corient Private Wealth LP Has $588.64 Million Position in General Dynamics Corporation $GD

Corient Private Wealth LP raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 806.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,661,702 shares of the aerospace company’s stock after purchasing an additional 1,478,353 shares during the quarter. Corient Private Wealth LP’s holdings in General Dynamics were worth $588,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ausdal Financial Partners Inc. bought a new stake in shares of General Dynamics during the 2nd quarter worth about $773,000. Bank of America Corp DE acquired a new stake in General Dynamics during the second quarter worth approximately $2,603,527,000. Bontempo Ohly Capital Mgmt LLC bought a new stake in shares of General Dynamics during the second quarter worth approximately $4,941,000. Strategic Global Advisors LLC acquired a new position in shares of General Dynamics in the second quarter valued at approximately $3,659,000. Finally, Freestone Grove Partners LP bought a new position in shares of General Dynamics during the second quarter worth approximately $66,997,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of NYSE GD opened at $382.08 on Thursday. The business has a fifty day moving average price of $375.27 and a two-hundred day moving average price of $356.46. The stock 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. 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 Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the firm posted $3.74 EPS. General Dynamics’s quarterly 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 analysts predict that General Dynamics Corporation will post 16.97 earnings per share 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. Shareholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy 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 value of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the business’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 transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 100,228 shares of company stock worth $38,052,853 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research reports. Robert W. Baird set a $430.00 price objective on General Dynamics in a report on Thursday, July 30th. Jefferies Financial Group lifted their target price on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. TD Cowen boosted their target price on shares of General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group upped their price target on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Bank of America lifted their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock 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.