Krilogy Financial LLC Purchases 2,866 Shares of General Dynamics Corporation $GD

Krilogy Financial LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 85.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,206 shares of the aerospace company’s stock after acquiring an additional 2,866 shares during the quarter. Krilogy Financial LLC’s holdings in General Dynamics were worth $2,082,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GD. Whipplewood Advisors LLC increased its holdings in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares in the last quarter. Wellington Altus USA Inc. raised its stake in shares of General Dynamics by 77.8% in the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 35 shares during the last quarter. Downshift Financial LLC raised its stake in shares of General Dynamics by 134.3% in the third quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 47 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of General Dynamics during the first quarter valued at $29,000. Finally, Wilkerson Advisory Group LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 39 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the transaction, the director owned 3,096 shares of the company’s stock, valued at approximately $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 102,188 shares of company stock valued at $38,627,265 over the last 90 days. Company insiders own 1.40% of the company’s stock.

General Dynamics Trading Up 0.7%

NYSE:GD opened at $336.97 on Friday. 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 Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company has a market cap of $91.17 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33. The company has a 50 day simple moving average of $359.44 and a two-hundred day simple moving average of $355.08.

General Dynamics (NYSE:GD) last announced its 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 analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts forecast that General Dynamics Corporation will post 16.98 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors 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 annualized dividend and a dividend yield of 1.9%. General Dynamics’s payout ratio is presently 38.80%.

Wall Street Analyst Weigh In

GD has been the topic of several recent analyst reports. Bank of America increased their price objective on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Monday, September 28th. UBS Group upped their target price on shares of General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $384.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised 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. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $402.32.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.