Greg Jennings LLC Makes New Investment in General Dynamics Corporation $GD

Greg Jennings LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,570 shares of the aerospace company’s stock, valued at approximately $853,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. Abel Hall LLC lifted its stake in shares of General Dynamics by 5.9% in the third quarter. Abel Hall LLC now owns 1,203 shares of the aerospace company’s stock worth $399,000 after buying an additional 67 shares in the last quarter. Kaufman Rossin Wealth LLC purchased a new stake in General Dynamics during the 3rd quarter valued at about $255,000. Sculati Wealth Management LLC grew its stake in General Dynamics by 1.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 6,656 shares of the aerospace company’s stock valued at $2,233,000 after acquiring an additional 86 shares in the last quarter. Optivise Advisory Services LLC grew its stake in General Dynamics by 10.4% during the 3rd quarter. Optivise Advisory Services LLC now owns 742 shares of the aerospace company’s stock valued at $246,000 after acquiring an additional 70 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its holdings in General Dynamics by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,910 shares of the aerospace company’s stock valued at $966,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 0.7%

GD stock traded down $2.46 during trading on Monday, reaching $341.77. 958,513 shares of the stock were exchanged, compared to its average volume of 1,297,084. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $358.49 and a 200-day moving average price of $355.11. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The firm has a market capitalization of $92.47 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.99 and a beta of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating 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 business had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the prior year, the company posted $3.74 EPS. The business’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, research analysts predict that General Dynamics Corporation will post 16.98 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 given a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. General Dynamics’s payout ratio is currently 38.80%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BNP Paribas Exane raised their target price on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada cut their price target on General Dynamics from $410.00 to $360.00 and set a “sector perform” rating for the company in a report on Thursday. UBS Group lifted their price objective on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Monday, September 28th. Finally, Robert W. Baird set a $430.00 price objective on General Dynamics in a research note 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 assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $402.32.

Insider Buying and Selling at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the transaction, the director owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This represents a 70.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phebe Novakovic sold 51,568 shares of the 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 transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,188 shares of company stock worth $38,627,265 over the last quarter. 1.40% of the stock is currently owned by company insiders.

General Dynamics Company Profile

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.