Centaurus Financial Inc. Invests $862,000 in General Dynamics Corporation $GD

Centaurus Financial Inc. bought a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,433 shares of the aerospace company’s stock, valued at approximately $862,000.

Other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC increased its holdings in General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after buying an additional 69 shares during the last quarter. Paladin Partners LLC bought a new position in shares of General Dynamics during the 2nd quarter valued at approximately $30,000. Scarborough Advisors LLC bought a new position in shares of General Dynamics during the 1st quarter valued at approximately $29,000. Wilkerson Advisory Group LLC increased its stake in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $31,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

Shares of NYSE GD opened at $379.70 on Friday. The stock’s 50-day simple moving average is $376.45 and its two-hundred day simple moving average is $356.76. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The firm has a market capitalization of $102.73 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.20 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter last year, the company posted $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, equities analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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 given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is presently 38.80%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Cowen increased their price objective on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 30th. The Goldman Sachs Group cut their price target on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. Susquehanna lifted their price objective on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 target price on shares of General Dynamics in a report on Monday, August 10th. Finally, Robert W. Baird set a $430.00 target price on shares of General Dynamics in a report on Thursday, July 30th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $410.89.

Insiders Place Their Bets

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction 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 transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

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.