Rayburn West Financial Services LLC Acquires Shares of 7,092 General Dynamics Corporation $GD

Rayburn West Financial Services LLC acquired a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 7,092 shares of the aerospace company’s stock, valued at approximately $2,512,000. General Dynamics comprises 1.4% of Rayburn West Financial Services LLC’s portfolio, making the stock its 26th biggest holding.

Other hedge funds have also modified their holdings of the company. Willner & Heller LLC raised its position in General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after purchasing an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC grew its position in General Dynamics by 0.8% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after purchasing an additional 28 shares during the last quarter. Klingman & Associates LLC increased its stake in General Dynamics by 3.3% in the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 30 shares during the period. Valmark Advisers Inc. raised its holdings in shares of General Dynamics by 0.5% in the first quarter. Valmark Advisers Inc. now owns 7,010 shares of the aerospace company’s stock valued at $2,406,000 after buying an additional 32 shares during the last quarter. Finally, Courier Capital LLC raised its holdings in shares of 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. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Up 0.7%

Shares of General Dynamics stock opened at $393.77 on Wednesday. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. 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’s 50-day simple moving average is $372.12 and its 200-day simple moving average is $355.08. The firm has a market cap 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 (NYSE:GD) last announced 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 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 firm earned $3.74 earnings per share. The firm’s revenue 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. As a group, equities research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GD. Susquehanna raised their price target on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. TD Cowen upped 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. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. DA Davidson dropped their target price on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

Insider Activity

In other General Dynamics news, 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 value of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s 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 completion of the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock valued at $38,052,853 in the last three months. 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.