General Dynamics Corporation $GD Shares Bought by Denali Advisors LLC

Denali Advisors LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 155.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,300 shares of the aerospace company’s stock after acquiring an additional 1,400 shares during the period. Denali Advisors LLC’s holdings in General Dynamics were worth $815,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in General Dynamics in the 2nd quarter worth about $6,840,590,000. Bank of New York Mellon Corp bought a new stake in shares of General Dynamics during the second quarter valued at approximately $429,073,000. AQR Capital Management LLC boosted its position in shares of General Dynamics by 118.3% during the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock worth $567,372,000 after buying an additional 901,679 shares during the period. Northern Trust Corp grew its holdings in General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after buying an additional 863,392 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in General Dynamics by 831.1% in the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock worth $251,405,000 after buying an additional 658,081 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GD has been the topic of several recent analyst reports. Robert W. Baird set a $430.00 target price on General Dynamics in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. The Goldman Sachs Group cut their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research note on Monday, May 4th. Finally, Citigroup increased their target price on shares of General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. One 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Stock Performance

Shares of NYSE GD opened at $385.88 on Friday. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The firm has a market cap of $104.40 billion, a P/E ratio of 23.54, a PEG ratio of 2.27 and a beta of 0.33. The stock has a fifty day moving average price of $373.66 and a two-hundred day moving average price of $355.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $13.52 billion. During the same quarter in the previous year, the business earned $3.74 EPS. The company’s quarterly 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. Research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders 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 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s 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 completion of the sale, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 100,228 shares of company stock worth $38,052,853. Corporate insiders own 1.40% of the company’s stock.

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.