Flavin Financial Services Inc. Makes New Investment in General Dynamics Corporation $GD

Flavin Financial Services Inc. bought a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, HoldingsChannel reports. The firm bought 1,550 shares of the aerospace company’s stock, valued at approximately $549,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GD. BlackRock Inc. acquired a new position in General Dynamics during the 2nd quarter worth $6,840,590,000. Bank of New York Mellon Corp acquired a new stake in General Dynamics in the second quarter worth $429,073,000. AQR Capital Management LLC lifted its position in General Dynamics by 118.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after purchasing an additional 901,679 shares during the last quarter. Northern Trust Corp grew its holdings in General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after buying an additional 863,392 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of General Dynamics by 831.1% during the third quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock valued at $251,405,000 after purchasing an additional 658,081 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by insiders.

General Dynamics Stock Performance

General Dynamics stock opened at $384.50 on Monday. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a market cap of $104.03 billion, a PE ratio of 23.46, a PEG ratio of 2.22 and a beta of 0.32. 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 company’s 50-day moving average is $374.15 and its two-hundred day moving average is $355.88.

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

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Analysts Set New Price Targets

GD has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. The Goldman Sachs Group decreased their target price on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada increased their price objective on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Company Profile

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.