General Dynamics Corporation $GD Shares Purchased by Manhattan West Asset Management LLC

Manhattan West Asset Management LLC lifted its position in General Dynamics Corporation (NYSE:GD) by 10.1% in the second quarter, HoldingsChannel reports. The firm owned 19,618 shares of the aerospace company’s stock after buying an additional 1,807 shares during the period. General Dynamics makes up about 1.2% of Manhattan West Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Manhattan West Asset Management LLC’s holdings in General Dynamics were worth $6,950,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GD. Keebeck Wealth Management purchased a new position in General Dynamics during the second quarter worth about $491,000. Keating Financial Advisory Services Inc. increased its position in shares of General Dynamics by 16.7% during the second quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company’s stock valued at $77,000 after acquiring an additional 31 shares during the last quarter. OneAscent Family Office LLC acquired a new stake in General Dynamics in the 2nd quarter valued at approximately $222,000. Oxford Financial Group LTD. LLC grew its stake in shares of General Dynamics by 1.9% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after buying an additional 26 shares in the last quarter. Finally, Vise Technologies Inc. increased its stake in General Dynamics by 66.2% during the second quarter. Vise Technologies Inc. now owns 21,368 shares of the aerospace company’s stock worth $7,569,000 after purchasing an additional 8,508 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% 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 General Dynamics stock in a transaction on Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 100,228 shares of company stock worth $38,052,853. Insiders own 1.40% of the company’s stock.

General Dynamics Stock Down 0.4%

GD stock opened at $384.50 on Friday. The stock has a market cap of $104.03 billion, a P/E ratio of 23.46, a PEG ratio of 2.23 and a beta of 0.33. 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 Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The company’s 50 day moving average is $374.15 and its two-hundred day moving average is $355.82.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 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 firm had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same period last year, the firm posted $3.74 EPS. The company’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. Research analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed 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 is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s payout ratio is currently 38.80%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GD. JPMorgan Chase & Co. upped their price objective on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. 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. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price objective on shares of General Dynamics in a research report on Monday, August 10th. Jefferies Financial Group upped their target price 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. Finally, Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.