OMC Financial Services LTD Makes New $919,000 Investment in General Dynamics Corporation $GD

OMC Financial Services LTD purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,595 shares of the aerospace company’s stock, valued at approximately $919,000.

Several other large investors have also modified their holdings of GD. Brighton Jones LLC raised its position in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the last quarter. Acadian Asset Management LLC grew its holdings in General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in General Dynamics during the second quarter worth $240,000. Flow Traders U.S. LLC acquired a new position in shares of General Dynamics in the second quarter worth $352,000. Finally, Jump Financial LLC acquired a new position in shares of General Dynamics in the second quarter worth $1,284,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Down 0.1%

GD stock opened at $395.46 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The company has a market cap of $106.99 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.29 and a beta of 0.32. The business has a fifty day simple moving average of $370.17 and a 200-day simple moving average of $354.64. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share 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 for the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts expect that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. General Dynamics’s payout ratio is presently 38.80%.

Wall Street Analyst Weigh In

A number of analysts recently commented on GD shares. TD Cowen increased their price objective on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. DA Davidson cut their target price on shares of General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $410.89.

Insider Buying and Selling

In other General Dynamics 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 transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director directly owned 10,643 shares of the company’s stock, valued at $3,884,695. The trade was a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by corporate 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.