General Dynamics Corporation $GD Stock: Yousif Capital Management LLC Lowers Position

Yousif Capital Management LLC lessened its holdings in General Dynamics Corporation (NYSE:GD) by 9.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 37,654 shares of the aerospace company’s stock after selling 4,047 shares during the quarter. Yousif Capital Management LLC’s holdings in General Dynamics were worth $12,495,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in General Dynamics during the second quarter worth about $6,840,590,000. Bank of America Corp DE purchased a new stake in shares of General Dynamics in the 2nd quarter valued at about $2,603,527,000. Corient Private Wealth LP purchased a new stake in shares of General Dynamics in the 2nd quarter valued at about $57,986,000. Bank of New York Mellon Corp purchased a new stake in shares of General Dynamics in the 2nd quarter valued at about $429,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of General Dynamics during the 2nd quarter valued at about $224,983,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on GD shares. Wells Fargo & Company boosted their price objective on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. BNP Paribas Exane raised their target price on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Morgan Stanley lifted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group boosted their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. One 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. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $402.32.

Insiders Place Their Bets

In other news, EVP Marguerite 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 transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated 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 approximately $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,188 shares of company stock valued at $38,627,265 over the last three months. Insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 0.4%

Shares of GD opened at $349.29 on Friday. The firm has a market cap of $94.50 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.04 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a 50 day moving average price of $353.71 and a 200-day moving average price of $354.99.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the prior year, the company earned $3.74 EPS. The firm’s revenue 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, equities research analysts forecast that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a $1.59 dividend. 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 currently 38.80%.

About General Dynamics

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.