General Dynamics Corporation $GD Shares Sold by Danske Bank A S

Danske Bank A S cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,377 shares of the aerospace company’s stock after selling 6,387 shares during the period. Danske Bank A S’s holdings in General Dynamics were worth $27,056,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Whipplewood Advisors LLC grew its position in General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after buying an additional 69 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of General Dynamics in the first quarter valued at about $29,000. Wilkerson Advisory Group LLC increased its stake in shares of General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 39 shares during the period. Paladin Partners LLC acquired a new stake in General Dynamics in the second quarter valued at about $30,000. Finally, Center for Financial Planning Inc. increased its position in General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.4%

GD opened at $392.10 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The company has a market cap of $106.09 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.27 and a beta of 0.33. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The business’s fifty day moving average is $373.14 and its two-hundred day moving average is $355.37.

General Dynamics (NYSE:GD) last announced its quarterly 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. The business had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GD shares. BNP Paribas Exane raised their price target on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Wells Fargo & Company increased their price target on shares of 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 boosted their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Bank of America upped their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 5,480 shares of the company’s 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 sale, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the 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 sale, the executive vice president owned 44,767 shares in the company, 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. Over the last quarter, insiders sold 100,228 shares of company stock worth $38,052,853. Insiders own 1.40% of the company’s stock.

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.