6,647 Shares in General Dynamics Corporation $GD Bought by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,647 shares of the aerospace company’s stock, valued at approximately $2,341,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares during the period. Acadian Asset Management LLC boosted its holdings in General Dynamics by 140.2% in the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after acquiring an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in General Dynamics in the second quarter valued at approximately $240,000. Flow Traders U.S. LLC bought a new stake in shares of General Dynamics during the second quarter valued at approximately $352,000. Finally, Jump Financial LLC bought a new stake in shares of General Dynamics during the second quarter valued at approximately $1,284,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Down 1.3%

Shares of General Dynamics stock opened at $390.67 on Tuesday. The company has a market capitalization of $105.70 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 2.29 and a beta of 0.33. The stock has a fifty day simple moving average of $371.16 and a 200 day simple moving average of $354.81. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 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 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GD shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price target on shares of General Dynamics in a research report on Monday, August 10th. UBS Group upped their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company raised their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. BNP Paribas Exane lifted their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated Wednesday, June 17th. The shares were 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 owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by insiders.

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.