40,157 Shares in General Dynamics Corporation $GD Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,157 shares of the aerospace company’s stock, valued at approximately $13,977,000.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC bought a new position in General Dynamics in the 2nd quarter worth $240,000. Flow Traders U.S. LLC bought a new position in General Dynamics in the 2nd quarter worth $352,000. Finally, Jump Financial LLC purchased a new stake in General Dynamics in the 2nd quarter worth $1,284,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Down 0.1%

Shares of GD stock opened at $379.70 on Friday. The company’s fifty day simple moving average is $376.45 and its two-hundred day simple moving average is $356.76. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The stock has a market cap of $102.73 billion, a P/E ratio of 23.17, a PEG ratio of 2.20 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 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 analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the business posted $3.74 earnings per share. The business’s quarterly revenue 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. Analysts predict that General Dynamics Corporation will post 16.97 EPS 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. Shareholders 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 (DPR) is currently 38.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen raised their price target on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Jefferies Financial Group increased their target price on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. UBS Group boosted their price target on General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Citigroup upped their price target on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the business’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 owned 766,457 shares in the company, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the 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 transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 in the last quarter. 1.40% of the stock is currently owned by insiders.

General Dynamics 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.