Nykredit A S Takes $3.80 Million Position in General Dynamics Corporation $GD

Nykredit A S purchased a new position in shares of General Dynamics Corporation (NYSE:GD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 10,726 shares of the aerospace company’s stock, valued at approximately $3,800,000.

Other large investors also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec grew its position in shares of General Dynamics by 454.0% in the second quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company’s stock valued at $64,088,000 after purchasing an additional 148,262 shares in the last quarter. Empowered Funds LLC purchased a new stake in General Dynamics during the 2nd quarter worth about $21,368,000. United Capital Financial Advisors LLC bought a new position in General Dynamics in the 2nd quarter worth about $30,781,000. Jefferies Financial Group Inc. bought a new position in General Dynamics in the 4th quarter worth about $7,914,000. Finally, Professional Advisory Services Inc. grew its holdings in General Dynamics by 4.0% during the 2nd quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock valued at $23,744,000 after buying an additional 2,562 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $359.54 on Monday. The firm has a 50 day simple moving average of $378.48 and a two-hundred day simple moving average of $357.36. The stock has a market cap of $97.28 billion, a PE ratio of 21.94, a P/E/G ratio of 2.07 and a beta of 0.32. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping 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 company had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the previous year, the firm posted $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. On average, analysts predict that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is 38.80%.

Insiders Place Their Bets

In related news, EVP Marguerite Gilliland sold 43,180 shares of the firm’s stock in a transaction dated 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 transaction, 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. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the business’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 completion of the sale, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last 90 days. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GD shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 price target on shares of General Dynamics in a research report on Monday, August 10th. UBS Group boosted their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Morgan Stanley upped their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. BNP Paribas Exane increased their target price on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $410.89.

About General Dynamics

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.