Everett Harris & Co. CA Takes $461,000 Position in General Dynamics Corporation $GD

Everett Harris & Co. CA bought a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, HoldingsChannel reports. The firm bought 1,300 shares of the aerospace company’s stock, valued at approximately $461,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in General Dynamics by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after buying an additional 528,769 shares during the last quarter. State Street Corp increased its position in General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after acquiring an additional 294,456 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of General Dynamics by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after acquiring an additional 195,604 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of General Dynamics by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after acquiring an additional 114,647 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of General Dynamics by 3.3% in the 4th quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company’s stock worth $1,159,273,000 after acquiring an additional 110,536 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 price target on shares of General Dynamics in a report on Monday. TD Cowen raised their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. UBS Group boosted their target price on General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, BNP Paribas Exane boosted their price objective on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

Insider Buying and Selling at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 0.6%

NYSE GD opened at $395.46 on Friday. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The company has a market capitalization of $106.99 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 2.27 and a beta of 0.33. The company’s 50-day simple moving average is $370.17 and its two-hundred day simple moving average is $354.71.

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 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 analysts’ expectations of $13.52 billion. During the same quarter in the prior year, the company earned $3.74 EPS. The company’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. Equities analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. General Dynamics’s dividend payout ratio is currently 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.