74,787 Shares in General Dynamics Corporation $GD Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, Holdings Channel.com reports. The fund purchased 74,787 shares of the aerospace company’s stock, valued at approximately $26,493,000.

A number of other large investors have also recently added to or reduced their stakes in GD. Sigma Planning Corp increased its position in shares of General Dynamics by 2.1% during the 2nd quarter. Sigma Planning Corp now owns 8,129 shares of the aerospace company’s stock worth $2,880,000 after purchasing an additional 170 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in General Dynamics by 64.7% during the second quarter. Alyeska Investment Group L.P. now owns 158,245 shares of the aerospace company’s stock worth $56,057,000 after buying an additional 62,168 shares during the period. Flputnam Investment Management Co. boosted its stake in General Dynamics by 1.7% during the second quarter. Flputnam Investment Management Co. now owns 10,534 shares of the aerospace company’s stock worth $3,731,000 after buying an additional 178 shares during the period. Cookson Peirce & Co. Inc. increased its position in shares of General Dynamics by 3.3% during the second quarter. Cookson Peirce & Co. Inc. now owns 1,759 shares of the aerospace company’s stock valued at $623,000 after acquiring an additional 57 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of General Dynamics by 5.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 48,372 shares of the aerospace company’s stock valued at $17,135,000 after acquiring an additional 2,533 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated 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 of the company’s stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 44,767 shares in the company, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Susquehanna upped their price target on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. UBS Group raised their target price on General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Jefferies Financial Group raised their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley upped their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One equities 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Stock Performance

GD opened at $379.70 on Monday. 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 stock has a market cap of $102.73 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.19 and a beta of 0.32. The stock’s 50 day simple moving average is $376.45 and its 200 day simple moving average is $356.74. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the prior year, the firm posted $3.74 earnings per share. The company’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. As a group, equities analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.

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.