HBK Sorce Advisory LLC Takes $2.86 Million Position in General Dynamics Corporation $GD

HBK Sorce Advisory LLC purchased 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 & Exchange Commission. The fund purchased 7,456 shares of the aerospace company’s stock, valued at approximately $2,864,000.

A number of other large investors have also recently made changes to their positions in GD. Willner & Heller LLC boosted its position in General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after buying an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its position in General Dynamics by 0.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after purchasing an additional 28 shares in the last quarter. Klingman & Associates LLC grew its stake in shares of General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 30 shares during the period. Valmark Advisers Inc. increased its holdings in shares of General Dynamics by 0.5% during the 1st quarter. Valmark Advisers Inc. now owns 7,010 shares of the aerospace company’s stock valued at $2,406,000 after purchasing an additional 32 shares in the last quarter. Finally, Courier Capital LLC increased its holdings in shares of General Dynamics by 0.5% during the 4th quarter. Courier Capital LLC now owns 6,407 shares of the aerospace company’s stock valued at $2,157,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the business’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 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. The trade was 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 sold 100,228 shares of company stock worth $38,052,853. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $395.46 on Monday. The firm has a market cap of $106.99 billion, a PE ratio of 24.13, a PEG ratio of 2.29 and a beta of 0.32. The firm has a fifty day moving average of $370.17 and a 200 day moving average of $354.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00.

General Dynamics (NYSE:GD) last posted 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 period last year, the firm posted $3.74 earnings per share. The company’s 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, research analysts predict that General Dynamics Corporation will post 16.97 EPS 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. Investors of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is presently 38.80%.

Analyst Upgrades and Downgrades

GD has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. Morgan Stanley raised their target price on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Bank of America lifted their price target on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. One 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’s stock. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target 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.