Northwestern Mutual Wealth Management Co. Purchases 2,533 Shares of General Dynamics Corporation $GD

Northwestern Mutual Wealth Management Co. raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 5.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,372 shares of the aerospace company’s stock after acquiring an additional 2,533 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in General Dynamics were worth $17,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GD. BlackRock Inc. bought a new position in General Dynamics during the second quarter valued at approximately $6,840,590,000. State Street Corp boosted its stake in shares of General Dynamics by 2.7% in the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after buying an additional 294,456 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of General Dynamics in the second quarter worth $2,603,527,000. Geode Capital Management LLC increased its position in General Dynamics by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after acquiring an additional 195,604 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in General Dynamics by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after purchasing an additional 114,647 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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 report on Thursday, July 30th. BNP Paribas Exane boosted their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Wells Fargo & Company raised their target price on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Stock Down 1.5%

Shares of GD stock opened at $363.98 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company’s fifty day moving average price is $377.78 and its 200-day moving average price is $357.15. The company has a market capitalization of $98.48 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.13 and a beta of 0.32.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company’s 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction that occurred on 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 sale, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company’s stock.

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.