General Dynamics Corporation $GD Holdings Boosted by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC raised its stake in General Dynamics Corporation (NYSE:GD) by 43.2% in the second quarter, HoldingsChannel.com reports. The fund owned 6,212 shares of the aerospace company’s stock after buying an additional 1,873 shares during the quarter. Main Street Financial Solutions LLC’s holdings in General Dynamics were worth $2,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of General Dynamics in the 2nd quarter worth approximately $6,840,590,000. Bank of New York Mellon Corp acquired a new position in General Dynamics during the 2nd quarter valued at approximately $429,073,000. AQR Capital Management LLC grew its stake in General Dynamics by 118.3% during the 3rd 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 last quarter. Northern Trust Corp increased its position in General Dynamics by 35.0% in the third 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 during the period. Finally, Balyasny Asset Management L.P. lifted its stake in General Dynamics by 831.1% in the third quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock valued at $251,405,000 after buying an additional 658,081 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by company insiders.

General Dynamics Stock Up 0.7%

GD stock opened at $393.77 on Wednesday. The firm’s 50-day moving average is $372.12 and its two-hundred day moving average is $355.08. The company has a market capitalization of $106.54 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.29 and a beta of 0.32. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $13.52 billion. During the same period last year, the firm posted $3.74 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GD shares. Susquehanna upped their price target on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Bank of America raised their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Citigroup increased their price objective on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $410.89.

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.