Equitable Holdings Inc. Buys Shares of 34,018 General Dynamics Corporation $GD

Equitable Holdings Inc. purchased a new position in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 34,018 shares of the aerospace company’s stock, valued at approximately $12,050,000.

Several other hedge funds and other institutional investors have also modified their holdings of GD. BlackRock Inc. bought a new stake in shares of General Dynamics in the second quarter valued at about $6,840,590,000. State Street Corp lifted its position 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 acquiring an additional 294,456 shares during the period. Bank of America Corp DE acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $2,603,527,000. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 195,604 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of General Dynamics by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock valued at $1,786,786,000 after purchasing an additional 114,647 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GD shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of General Dynamics in a research report on Monday, August 10th. TD Cowen increased their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note 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 report on Thursday, July 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. Finally, BNP Paribas Exane increased their price target on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Stock Performance

NYSE GD opened at $380.01 on Friday. The firm has a market cap of $102.82 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.21 and a beta of 0.33. The company has a 50 day moving average of $375.86 and a 200-day moving average of $356.60. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities analysts forecast that General Dynamics Corporation will post 16.97 earnings per share 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. Stockholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 44,767 shares in the company, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by corporate insiders.

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.