Van Hulzen Asset Management LLC Lowers Stake in General Dynamics Corporation $GD

Van Hulzen Asset Management LLC cut its stake in General Dynamics Corporation (NYSE:GD) by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,794 shares of the aerospace company’s stock after selling 1,364 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in General Dynamics were worth $3,470,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Peak Asset Management LLC purchased a new stake in shares of General Dynamics during the 2nd quarter worth $384,000. Fiduciary Financial Advisors purchased a new position in General Dynamics in the second quarter valued at about $54,000. Cullen Capital Management LLC grew its stake in General Dynamics by 0.3% in the second quarter. Cullen Capital Management LLC now owns 675,358 shares of the aerospace company’s stock valued at $239,239,000 after purchasing an additional 2,169 shares during the last quarter. Algert Global LLC raised its holdings in General Dynamics by 8.5% in the second quarter. Algert Global LLC now owns 24,395 shares of the aerospace company’s stock worth $8,642,000 after purchasing an additional 1,901 shares in the last quarter. Finally, Flavin Financial Services Inc. bought a new position in General Dynamics in the second quarter worth about $549,000. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. The Goldman Sachs Group cut their price target on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a report on Monday, May 4th. Finally, Wells Fargo & Company upped their price target on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $410.89.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction 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 completion of the sale, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. Company insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $383.56 on Tuesday. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a market capitalization of $103.78 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.22 and a beta of 0.32. 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 stock’s 50-day simple moving average is $374.64 and its 200-day simple moving average is $356.08.

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 the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

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.