Occidental Asset Management LLC Purchases New Position in General Dynamics Corporation $GD

Occidental Asset Management LLC acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,306 shares of the aerospace company’s stock, valued at approximately $463,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in shares of General Dynamics during the second quarter worth $429,073,000. AQR Capital Management LLC lifted its stake in shares of General Dynamics by 118.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after acquiring an additional 901,679 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of General Dynamics by 35.0% during the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after acquiring an additional 863,392 shares in the last quarter. Balyasny Asset Management L.P. grew its position in General Dynamics by 831.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock worth $251,405,000 after acquiring an additional 658,081 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in General Dynamics in the 2nd quarter worth about $224,983,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $390.67 on Tuesday. The firm has a market capitalization of $105.70 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.29 and a beta of 0.33. The firm has a fifty day simple moving average of $371.16 and a two-hundred day simple moving average of $354.81. 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 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 the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion for 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%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

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 issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is currently 38.80%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GD. 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. JPMorgan Chase & Co. raised their target price on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. TD Cowen lifted their target price on General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Morgan Stanley upped their price target on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $430.00 price objective on General Dynamics 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $410.89.

Insider Activity at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction that occurred on 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 transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’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 sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 100,228 shares of company stock valued at $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.