Northwestern Mutual Wealth Management Co. Acquires 2,533 Shares of General Dynamics Corporation $GD

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,372 shares of the aerospace company’s stock after buying an additional 2,533 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in General Dynamics were worth $17,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Gabelli Funds LLC lifted its position in shares of General Dynamics by 9.5% in the second quarter. Gabelli Funds LLC now owns 8,451 shares of the aerospace company’s stock valued at $2,994,000 after buying an additional 731 shares during the last quarter. Varma Mutual Pension Insurance Co acquired a new position in shares of General Dynamics during the 2nd quarter worth approximately $15,197,000. X Square Capital LLC raised its stake in General Dynamics by 3.1% in the 2nd quarter. X Square Capital LLC now owns 11,669 shares of the aerospace company’s stock valued at $4,134,000 after acquiring an additional 347 shares during the period. Korea Investment CORP raised its stake in General Dynamics by 40.9% in the 2nd quarter. Korea Investment CORP now owns 201,630 shares of the aerospace company’s stock valued at $71,425,000 after acquiring an additional 58,485 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in General Dynamics by 21.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 19,229 shares of the aerospace company’s stock valued at $6,812,000 after purchasing an additional 3,367 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GD shares. Royal Bank Of Canada upped their price objective on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley lifted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. DA Davidson decreased their price target on shares of General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Finally, UBS Group increased their price target on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $410.89.

General Dynamics Stock Performance

Shares of NYSE GD opened at $384.50 on Friday. 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 firm has a market cap of $104.03 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.22 and a beta of 0.33. The stock’s fifty day moving average price is $374.15 and its two-hundred day moving average price is $355.82. 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 earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The company 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%.The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The firm 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 1.7%. General Dynamics’s payout ratio is 38.80%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the 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 in the company, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 100,228 shares of company stock valued at $38,052,853 in the last quarter. Company insiders own 1.40% of the company’s stock.

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.