Bridgewater Advisors Inc. Takes $531,000 Position in General Dynamics Corporation $GD

Bridgewater Advisors Inc. bought a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, HoldingsChannel reports. The firm bought 1,421 shares of the aerospace company’s stock, valued at approximately $531,000.

Other large investors have also recently modified their holdings of the company. Whipplewood Advisors LLC boosted its stake in General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after buying an additional 69 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of General Dynamics in the first quarter valued at $29,000. Wilkerson Advisory Group LLC raised its stake in shares of General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 39 shares during the period. Motiv8 Investments LLC bought a new stake in shares of General Dynamics in the 4th quarter worth about $31,000. Finally, Center for Financial Planning Inc. boosted its stake in shares of 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. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $395.46 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The stock has a market cap of $106.99 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 2.29 and a beta of 0.33. The firm has a 50-day moving average of $370.17 and a two-hundred day moving average of $354.71. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the previous year, the business earned $3.74 earnings per share. General Dynamics’s quarterly revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, research analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

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. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is presently 38.80%.

Insider Activity at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last three months. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GD shares. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a report on Thursday, July 30th. DA Davidson decreased their price objective on shares of General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 target price on shares of General Dynamics in a research report on Monday, August 10th. BNP Paribas Exane increased their price target on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Morgan Stanley raised their price target on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.