Empowered Funds LLC Invests $21.37 Million in General Dynamics Corporation $GD

Empowered Funds LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 60,322 shares of the aerospace company’s stock, valued at approximately $21,368,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. United Capital Financial Advisors LLC bought a new position in shares of General Dynamics in the second quarter worth approximately $30,781,000. Dearborn Partners LLC bought a new position in shares of General Dynamics in the 2nd quarter worth $15,731,000. Brooks Moore & Associates Inc. bought a new position in shares of General Dynamics in the 2nd quarter worth $394,000. WNY Asset Management LLC purchased a new stake in General Dynamics during the second quarter valued at about $400,000. Finally, Caitlin John LLC purchased a new stake in General Dynamics during the second quarter valued at about $317,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of NYSE GD opened at $380.01 on Friday. The firm’s 50-day moving average price is $375.86 and its 200-day moving average price is $356.60. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The company has a market cap of $102.82 billion, a PE ratio of 23.19, a PEG ratio of 2.21 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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 company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the previous year, the company posted $3.74 earnings per share. General Dynamics’s 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, analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The company 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 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is currently 38.80%.

Insider Buying and Selling

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 100,228 shares of company stock valued at $38,052,853. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of a number of analyst reports. TD Cowen lifted their target price on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price objective on shares of General Dynamics in a research note on Monday, August 10th. Jefferies Financial Group lifted their price objective on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Bank of America raised their price target on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average 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.