SCS Capital Management LLC Invests $526,000 in General Dynamics Corporation $GD

SCS Capital Management LLC purchased a new position in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,486 shares of the aerospace company’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Brighton Jones LLC boosted 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 during the last quarter. Acadian Asset Management LLC increased its holdings in shares of General Dynamics by 140.2% in the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after purchasing an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of General Dynamics in the second quarter valued at approximately $240,000. Flow Traders U.S. LLC purchased a new position in General Dynamics during the second quarter worth approximately $352,000. Finally, Jump Financial LLC acquired a new position in General Dynamics during the second quarter worth $1,284,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GD shares. Citigroup upped their target price on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Susquehanna boosted their price target on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Morgan Stanley upped their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lifted their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Price Performance

GD stock opened at $395.46 on Monday. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. 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 0.32. The business has a fifty day moving average of $370.17 and a two-hundred day moving average of $354.64.

General Dynamics (NYSE:GD) last announced its quarterly earnings results 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 business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given 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 yield of 1.6%. General Dynamics’s dividend payout ratio is presently 38.80%.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated 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 owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last 90 days. 1.40% of the stock is owned by company insiders.

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.