Essential Partners LLC Reduces Holdings in General Dynamics Corporation $GD

Essential Partners LLC reduced its stake in shares of General Dynamics Corporation (NYSE:GD) by 61.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802 shares of the aerospace company’s stock after selling 1,305 shares during the quarter. Essential Partners LLC’s holdings in General Dynamics were worth $284,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Willner & Heller LLC grew its holdings 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 worth $726,000 after purchasing an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its position in shares of 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 purchasing an additional 28 shares during the period. Klingman & Associates LLC grew its stake 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 buying an additional 30 shares during the last quarter. Valmark Advisers Inc. increased its position in General Dynamics by 0.5% during the first quarter. Valmark Advisers Inc. now owns 7,010 shares of the aerospace company’s stock worth $2,406,000 after buying an additional 32 shares during the period. Finally, Courier Capital LLC lifted its stake 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 buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GD. Morgan Stanley raised their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Citigroup raised their price objective on shares of General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Royal Bank Of Canada upped their target price on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $410.89.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 owned by corporate insiders.

General Dynamics Stock Performance

Shares of GD opened at $393.77 on Wednesday. The stock has a market capitalization of $106.54 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.29 and a beta of 0.32. 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 Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company’s fifty day moving average is $372.12 and its two-hundred day moving average is $355.08.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $1.59 dividend. 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 (DPR) is presently 38.80%.

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.