Tiemann Investment Advisors LLC Buys Shares of 1,640 General Dynamics Corporation $GD

Tiemann Investment Advisors LLC purchased a new position in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,640 shares of the aerospace company’s stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Whipplewood Advisors LLC boosted its position in General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares in the last quarter. Scarborough Advisors LLC acquired a new position in General Dynamics during the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC raised its position in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Paladin Partners LLC purchased a new position in shares of General Dynamics in the second quarter worth $30,000. Finally, Center for Financial Planning Inc. lifted its position in General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 $293,231,119.06. The trade was a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marguerite Amy 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 value of $16,323,767.20. Following the completion of the transaction, 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. The SEC filing for this sale provides additional information. Insiders have sold 100,228 shares of company stock worth $38,052,853 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GD. Susquehanna increased their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. TD Cowen lifted their price objective on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Citigroup boosted their price objective on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group lowered their target price on General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research note on Monday, May 4th. One 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $410.89.

General Dynamics Price Performance

NYSE:GD opened at $390.67 on Tuesday. 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 company has a 50 day moving average price of $371.16 and a 200-day moving average price of $354.81. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The firm has a market cap of $105.70 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 2.29 and a beta of 0.33.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

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

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.