Northwestern Mutual Wealth Management Co. Has $17.14 Million Position in General Dynamics Corporation $GD

Northwestern Mutual Wealth Management Co. grew its holdings in General Dynamics Corporation (NYSE:GD) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,372 shares of the aerospace company’s stock after acquiring an additional 2,533 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in General Dynamics were worth $17,135,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wedbush Securities Inc. lifted its position in General Dynamics by 2.2% during the second quarter. Wedbush Securities Inc. now owns 23,389 shares of the aerospace company’s stock worth $8,285,000 after purchasing an additional 493 shares during the period. Spinnaker Trust raised its stake in shares of General Dynamics by 21.7% during the second quarter. Spinnaker Trust now owns 1,155 shares of the aerospace company’s stock valued at $409,000 after acquiring an additional 206 shares during the last quarter. Cullinan Associates Inc. lifted its holdings in General Dynamics by 1.9% during the 2nd quarter. Cullinan Associates Inc. now owns 2,548 shares of the aerospace company’s stock worth $903,000 after buying an additional 48 shares during the period. Capital Advisors Inc. OK raised its holdings in General Dynamics by 0.6% during the 2nd quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 29 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of General Dynamics by 2.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,169 shares of the aerospace company’s stock worth $247,674,000 after acquiring an additional 17,463 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

GD opened at $363.98 on Thursday. The firm has a market cap of $98.48 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.13 and a beta of 0.32. 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. The stock’s 50 day simple moving average is $377.78 and its 200 day simple moving average is $357.15.

General Dynamics (NYSE:GD) last issued 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 net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the previous year, the firm earned $3.74 earnings per share. The firm’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. As a group, analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. 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 payout ratio is presently 38.80%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GD shares. Susquehanna lifted their price target on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. BNP Paribas Exane lifted their target price 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. UBS Group increased their price target on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 target price on shares of General Dynamics in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned 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.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction 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 sale, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Company 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.