Greg Jennings LLC Buys New Stake in General Dynamics Corporation $GD

Greg Jennings LLC bought a new stake in General Dynamics Corporation (NYSE:GD) during the third quarter, HoldingsChannel reports. The institutional investor bought 2,570 shares of the aerospace company’s stock, valued at approximately $853,000.

Other large investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its holdings in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after buying an additional 69 shares during the period. Wellington Altus USA Inc. lifted its stake in General Dynamics by 77.8% during the 2nd quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 35 shares in the last quarter. Downshift Financial LLC boosted its holdings in General Dynamics by 134.3% during the 3rd quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 47 shares during the period. Scarborough Advisors LLC purchased a new position in General Dynamics during the 1st quarter valued at about $29,000. Finally, Wilkerson Advisory Group LLC boosted its holdings in General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 39 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In related news, EVP Marguerite Gilliland sold 43,180 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred on Monday, August 3rd. The stock was 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 owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 102,188 shares of company stock valued at $38,627,265. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Susquehanna lifted their target price on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Sanford C. Bernstein lowered their price objective on shares of General Dynamics from $407.00 to $365.00 and set a “market perform” rating for the company in a research note on Wednesday, October 14th. Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Citigroup dropped their price objective on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $402.32.

General Dynamics Stock Down 0.7%

Shares of NYSE GD traded down $2.46 during mid-day trading on Monday, hitting $341.77. The company had a trading volume of 958,513 shares, compared to its average volume of 1,297,084. The company has a market capitalization of $92.47 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.33. The business’s 50-day simple moving average is $358.49 and its 200 day simple moving average is $355.11. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. 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 (NYSE:GD) last released 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. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same period in the previous year, the firm posted $3.74 EPS. General Dynamics’s revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts predict that General Dynamics Corporation will post 16.98 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.