Outlook Capital Management LLC Purchases New Stake in General Dynamics Corporation $GD

Outlook Capital Management LLC acquired a new stake in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,781 shares of the aerospace company’s stock, valued at approximately $1,339,000. General Dynamics comprises about 0.4% of Outlook Capital Management LLC’s portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in General Dynamics in the second quarter valued at about $6,840,590,000. State Street Corp lifted its stake in General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after purchasing an additional 294,456 shares during the last quarter. Bank of America Corp DE acquired a new position in General Dynamics in the second quarter worth $2,603,527,000. Geode Capital Management LLC increased its stake in 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 last quarter. Finally, JPMorgan Chase & Co. increased its stake in General Dynamics by 2.2% during 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 during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of the company’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 completion of the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by company insiders.

General Dynamics Trading Down 1.7%

Shares of NYSE:GD opened at $359.54 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $378.48 and its 200 day moving average price is $357.29. The company has a market cap of $97.28 billion, a PE ratio of 21.94, a P/E/G ratio of 2.11 and a beta of 0.32. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00.

General Dynamics (NYSE:GD) last posted 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 firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is presently 38.80%.

Analyst Ratings Changes

GD has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Citigroup increased their price objective on shares of General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. TD Cowen raised their target price on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Bank of America upped their target price on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a report on Monday, July 6th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $410.89.

About General Dynamics

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.