Nwam LLC Sells 1,413 Shares of General Dynamics Corporation $GD

Nwam LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 48.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,478 shares of the aerospace company’s stock after selling 1,413 shares during the period. Nwam LLC’s holdings in General Dynamics were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in General Dynamics during the 2nd quarter worth $924,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of General Dynamics in the second quarter valued at about $26,493,000. Sigma Planning Corp grew its stake in shares of General Dynamics by 2.1% in the second quarter. Sigma Planning Corp now owns 8,129 shares of the aerospace company’s stock valued at $2,880,000 after acquiring an additional 170 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of General Dynamics by 64.7% in the second quarter. Alyeska Investment Group L.P. now owns 158,245 shares of the aerospace company’s stock valued at $56,057,000 after acquiring an additional 62,168 shares in the last quarter. Finally, Flputnam Investment Management Co. increased its position 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 acquiring an additional 178 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.5%

Shares of GD stock opened at $366.04 on Friday. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The stock’s fifty day moving average price is $378.22 and its two-hundred day moving average price is $357.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The company has a market cap of $99.04 billion, a PE ratio of 22.33, a P/E/G ratio of 2.10 and a beta of 0.32.

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

General Dynamics Dividend Announcement

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

Insider Activity

In related news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction that occurred 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 sale, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Phebe Novakovic sold 51,568 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 100,228 shares of company stock worth $38,052,853. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of General Dynamics in a report on Monday, August 10th. Jefferies Financial Group raised their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Citigroup boosted their price target on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company raised their price objective on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.