General Dynamics Corporation $GD Stake Lifted by Man Group plc

Man Group plc boosted its stake in General Dynamics Corporation (NYSE:GD) by 11.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 413,811 shares of the aerospace company’s stock after purchasing an additional 42,919 shares during the period. Man Group plc’s holdings in General Dynamics were worth $146,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of General Dynamics during the second quarter worth about $6,840,590,000. Bank of New York Mellon Corp bought a new stake in General Dynamics in the 2nd quarter valued at about $429,073,000. AQR Capital Management LLC boosted 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 valued at $567,372,000 after purchasing an additional 901,679 shares during the period. Northern Trust Corp grew its position 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 purchasing an additional 863,392 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position 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 purchasing an additional 658,081 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 1.9%

Shares of NYSE:GD opened at $376.49 on Wednesday. The company has a 50 day moving average of $374.88 and a 200-day moving average of $356.25. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm has a market cap of $101.86 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.22 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 posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the business earned $3.74 earnings per share. The business’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, analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Jefferies Financial Group raised their target price on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. DA Davidson cut their target price on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Wall Street Zen lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Bank of America raised their price target on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a report on Monday, July 6th. One 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $410.89.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value 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. This represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated 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 in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,228 shares of company stock worth $38,052,853 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

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.