Perigon Wealth Management LLC Buys New Stake in General Dynamics Corporation $GD

Perigon Wealth Management LLC purchased a new position in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,527 shares of the aerospace company’s stock, valued at approximately $4,792,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GD. Whipplewood Advisors LLC boosted its position 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. Scarborough Advisors LLC acquired a new position in General Dynamics during the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC raised its stake in 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 buying an additional 39 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares in the company, 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. Insiders have sold 100,228 shares of company stock worth $38,052,853 in the last ninety days. Company insiders own 1.40% of the company’s stock.

General Dynamics Stock Down 1.3%

General Dynamics stock opened at $390.67 on Tuesday. The business’s 50-day moving average price is $371.16 and its 200 day moving average price is $354.81. 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 firm has a market cap of $105.70 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth 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.

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 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 company posted $3.74 earnings per share. General Dynamics’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. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GD shares. TD Cowen upped their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup upped their price target on shares of General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. BNP Paribas Exane raised their price target on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics 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.