Deutsche Bank AG Buys New Shares in General Dynamics Corporation $GD

Deutsche Bank AG bought a new position in General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 416,438 shares of the aerospace company’s stock, valued at approximately $147,519,000.

Several other institutional investors have also added to or reduced their stakes in GD. Willner & Heller LLC grew its stake in shares of General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after buying an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its holdings in General Dynamics by 0.8% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after acquiring an additional 28 shares during the period. Klingman & Associates LLC grew its position in General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 30 shares during the last quarter. Valmark Advisers Inc. increased its stake in General Dynamics by 0.5% in the 1st quarter. Valmark Advisers Inc. now owns 7,010 shares of the aerospace company’s stock worth $2,406,000 after purchasing an additional 32 shares during the period. Finally, Courier Capital LLC lifted its position in General Dynamics by 0.5% in the fourth quarter. Courier Capital LLC now owns 6,407 shares of the aerospace company’s stock valued at $2,157,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

NYSE:GD opened at $392.10 on Thursday. 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’s fifty day simple moving average is $373.14 and its 200 day simple moving average is $355.37. The stock has a market cap of $106.09 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.27 and a beta of 0.33. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS 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 business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the business earned $3.74 EPS. The company’s revenue for the quarter 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, research analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GD shares. The Goldman Sachs Group cut their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a report on Monday, May 4th. DA Davidson decreased their price objective on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Bank of America increased their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their price target on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen upped their price target on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $410.89.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last three months. Company insiders own 1.40% of the company’s stock.

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.