Trajan Wealth LLC Raises Holdings in General Dynamics Corporation $GD

Trajan Wealth LLC grew its stake in General Dynamics Corporation (NYSE:GD) by 16.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 58,551 shares of the aerospace company’s stock after buying an additional 8,329 shares during the quarter. Trajan Wealth LLC’s holdings in General Dynamics were worth $20,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares in the last quarter. Acadian Asset Management LLC grew its holdings in General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after acquiring an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at approximately $240,000. Flow Traders U.S. LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at approximately $352,000. Finally, Jump Financial LLC acquired a new stake in shares of General Dynamics in the 2nd quarter valued at $1,284,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 over the last quarter. Company insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

Shares of GD opened at $383.56 on Tuesday. 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 1-year low of $306.77 and a 1-year high of $400.00. The stock has a market cap of $103.78 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.32. The firm has a fifty day moving average price of $374.64 and a 200 day moving average price of $356.08.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the company posted $3.74 earnings per share. The business’s quarterly revenue 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 anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

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

Analysts Set New Price Targets

GD has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group cut their price target on General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research note on Monday, May 4th. UBS Group upped their price objective on General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 price objective on shares of General Dynamics in a report on Monday, August 10th. Finally, DA Davidson cut their target price on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. One investment 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, General Dynamics has a consensus rating of “Moderate Buy” and an average 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.