HB Wealth Management LLC Has $16.52 Million Stake in General Dynamics Corporation $GD

HB Wealth Management LLC lifted its stake in General Dynamics Corporation (NYSE:GD) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,647 shares of the aerospace company’s stock after buying an additional 2,887 shares during the period. HB Wealth Management LLC’s holdings in General Dynamics were worth $16,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings 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 in the last quarter. Acadian Asset Management LLC lifted its position in General Dynamics by 140.2% during the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after purchasing an additional 2,011 shares during the period. Sivia Capital Partners LLC bought a new position in General Dynamics in the 2nd quarter valued at about $240,000. Flow Traders U.S. LLC bought a new position in General Dynamics in the 2nd quarter valued at about $352,000. Finally, Jump Financial LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at approximately $1,284,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GD. Royal Bank Of Canada increased their price target on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Jefferies Financial Group boosted their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley upped their target price on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of General Dynamics in a report on Monday, August 10th. Finally, TD Cowen lifted their price target on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $410.89.

Insider Activity at General Dynamics

In related news, EVP Marguerite Gilliland sold 43,180 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phebe Novakovic sold 51,568 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the sale, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

General Dynamics Trading Down 1.7%

Shares of General Dynamics stock opened at $359.54 on Friday. The firm’s 50 day moving average is $378.48 and its 200 day moving average is $357.29. The firm has a market capitalization of $97.28 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.08 and a beta of 0.32. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last issued 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. 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 during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. 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. Equities research analysts forecast that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared 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 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

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.