Coastal Bridge Advisors LLC Invests $776,000 in General Dynamics Corporation $GD

Coastal Bridge Advisors LLC acquired a new stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,190 shares of the aerospace company’s stock, valued at approximately $776,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Oxford Financial Group LTD. LLC grew its position in shares of General Dynamics by 1.9% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after purchasing an additional 26 shares during the last quarter. Willner & Heller LLC raised its position in shares of General Dynamics by 1.4% during the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after purchasing an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC lifted its stake in General Dynamics by 0.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after buying an additional 28 shares in the last quarter. Klingman & Associates LLC grew its holdings in General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after buying an additional 30 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. grew its holdings in General Dynamics by 16.7% during the 2nd quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company’s stock valued at $77,000 after buying an additional 31 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the company’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 approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares in the company, 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 valued at $38,052,853. Insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $379.70 on Friday. The business’s 50-day moving average price is $376.45 and its 200 day moving average price is $356.76. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The company has a market capitalization of $102.73 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the previous year, the business 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. On average, research analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a $1.59 dividend. 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 payout ratio is presently 38.80%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GD shares. Citigroup boosted their price target on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Susquehanna lifted their price objective on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada raised their price target on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

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.