1,306 Shares in General Dynamics Corporation $GD Purchased by Occidental Asset Management LLC

Occidental Asset Management LLC acquired a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, Holdings Channel reports. The fund acquired 1,306 shares of the aerospace company’s stock, valued at approximately $463,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Succession Financial Inc. purchased a new position in shares of General Dynamics in the 2nd quarter worth approximately $279,000. Dunhill Financial LLC bought a new stake in General Dynamics during the second quarter worth $114,000. Pallas Capital Advisors LLC bought a new stake in General Dynamics during the second quarter worth $977,000. Performance Wealth Partners LLC purchased a new position in General Dynamics in the second quarter worth $769,000. Finally, Deutsche Bank AG bought a new position in General Dynamics in the 2nd quarter valued at $147,519,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GD. Morgan Stanley raised their target price on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. BNP Paribas Exane boosted their target price on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of General Dynamics in a research report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their price target on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Stock Down 1.3%

Shares of NYSE GD opened at $390.67 on Tuesday. 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 company has a market cap of $105.70 billion, a P/E ratio of 23.84, a P/E/G ratio of 2.29 and a beta of 0.33. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The business has a 50-day simple moving average of $371.16 and a two-hundred day simple moving average of $354.81.

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, 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 firm had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the prior year, the firm posted $3.74 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction dated 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 sale, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated Monday, August 3rd. The shares were 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 of the company’s stock, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 100,228 shares of company stock valued at $38,052,853. Company insiders own 1.40% of the company’s stock.

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.