B.A. Schrock Wealth Management Inc. Makes New $779,000 Investment in General Dynamics Corporation $GD

B.A. Schrock Wealth Management Inc. bought a new position in General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,341 shares of the aerospace company’s stock, valued at approximately $779,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of General Dynamics during the second quarter worth about $6,840,590,000. State Street Corp increased its holdings in General Dynamics by 3.3% in the 2nd quarter. State Street Corp now owns 11,811,099 shares of the aerospace company’s stock valued at $4,183,964,000 after acquiring an additional 374,682 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of General Dynamics in the second quarter worth about $2,603,527,000. Corient Private Wealth LP grew its holdings in General Dynamics by 806.3% during the 2nd quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company’s stock valued at $588,641,000 after buying an additional 1,478,353 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of General Dynamics by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,579,959 shares of the aerospace company’s stock valued at $542,274,000 after purchasing an additional 28,249 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, Director Robert K. Steel sold 7,440 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 102,188 shares of company stock worth $38,627,265. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GD shares. BNP Paribas Exane boosted their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, 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. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $404.95.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $334.52 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $360.43 and its 200-day moving average price is $355.15. The firm has a market cap of $90.51 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.92 and a beta of 0.33. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share 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 company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the firm earned $3.74 earnings per share. The firm’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. On average, equities research analysts expect that General Dynamics Corporation will post 16.98 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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 paid 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 1.9%. General Dynamics’s payout ratio is 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.