Performance Wealth Partners LLC Makes New $769,000 Investment in General Dynamics Corporation $GD

Performance Wealth Partners LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,172 shares of the aerospace company’s stock, valued at approximately $769,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Whipplewood Advisors LLC lifted its position in shares of General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Scarborough Advisors LLC bought a new stake in General Dynamics in the first quarter valued at $29,000. Wilkerson Advisory Group LLC increased its stake in General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares in the last quarter. Center for Financial Planning Inc. raised its holdings in shares of General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of General Dynamics during the 4th quarter worth about $31,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Down 1.3%

GD stock opened at $390.67 on Tuesday. The firm has a market capitalization of $105.70 billion, a PE ratio of 23.84, a P/E/G ratio of 2.29 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 Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The stock’s 50 day moving average is $371.16 and its 200-day moving average is $354.81.

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 the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.During the same period last year, the business earned $3.74 EPS. The business’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect 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. Shareholders of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GD shares. JPMorgan Chase & Co. raised their target price on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. DA Davidson cut their price target on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. BNP Paribas Exane boosted their price objective on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. The Goldman Sachs Group lowered their target price on General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research report on Monday, May 4th. Finally, Morgan Stanley increased their target price on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $410.89.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction on Wednesday, June 17th. The stock was 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 in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’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 completion of the transaction, 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 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 90 days. 1.40% of the stock is currently owned by corporate insiders.

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.