Evolve Private Wealth LLC Sells 2,756 Shares of General Dynamics Corporation $GD

Evolve Private Wealth LLC cut its position in General Dynamics Corporation (NYSE:GD) by 35.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,121 shares of the aerospace company’s stock after selling 2,756 shares during the quarter. Evolve Private Wealth LLC’s holdings in General Dynamics were worth $1,814,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oxford Financial Group LTD. LLC grew its position in shares of General Dynamics by 1.9% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after acquiring an additional 26 shares during the period. Willner & Heller LLC raised its holdings in shares of General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after purchasing an additional 28 shares during the period. Meriwether Wealth & Planning LLC lifted its stake in General Dynamics by 0.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after purchasing an additional 28 shares during the last quarter. Klingman & Associates LLC grew its holdings in General Dynamics by 3.3% during the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 30 shares during the period. Finally, Keating Financial Advisory Services Inc. grew its holdings in General Dynamics by 16.7% during the second quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company’s stock worth $77,000 after purchasing an additional 31 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was 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 in the company, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on 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 directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. Company insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 0.4%

Shares of General Dynamics stock opened at $384.50 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The firm has a 50-day moving average of $374.15 and a 200-day moving average of $355.82. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The stock has a market cap of $104.03 billion, a PE ratio of 23.46, a PEG ratio of 2.22 and a beta of 0.33.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 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 business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period last year, the firm earned $3.74 earnings per share. General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is presently 38.80%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. BNP Paribas Exane increased their price target on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Morgan Stanley raised their price target on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Finally, Jefferies Financial Group increased their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.