FSA Advisors Inc. Acquires Shares of 3,540 General Dynamics Corporation $GD

FSA Advisors Inc. bought a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 3,540 shares of the aerospace company’s stock, valued at approximately $1,254,000.

Other large investors have also recently modified their holdings of the company. Coastal Bridge Advisors LLC purchased a new stake in General Dynamics during the 2nd quarter valued at $776,000. Jefferies Financial Group Inc. purchased a new position in General Dynamics during the second quarter worth $261,000. Public Employees Retirement System of Ohio bought a new position in General Dynamics during the second quarter valued at $37,147,000. Proficio Capital Partners LLC bought a new position in General Dynamics during the second quarter valued at $559,000. Finally, Stonebridge Capital Management Inc. purchased a new stake in shares of General Dynamics in the second quarter valued at $5,382,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.5%

NYSE GD opened at $380.01 on Friday. The stock has a market cap of $102.82 billion, a PE ratio of 23.19, a PEG ratio of 2.21 and a beta of 0.33. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company’s 50-day moving average price is $375.86 and its 200-day moving average price is $356.60. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

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, beating analysts’ consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

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

Analyst Ratings Changes

GD has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target 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. TD Cowen increased their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. BNP Paribas Exane raised their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Susquehanna upped their target price on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $410.89.

Insider Activity at General Dynamics

In related news, 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 completion of the sale, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the 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 completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 100,228 shares of company stock worth $38,052,853. 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.