24,947 Shares in General Dynamics Corporation $GD Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in General Dynamics Corporation (NYSE:GD) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 24,947 shares of the aerospace company’s stock, valued at approximately $8,834,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its holdings in shares of General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of General Dynamics during the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC raised its position in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 39 shares during the last quarter. Paladin Partners LLC purchased a new stake in General Dynamics in the 2nd quarter valued at approximately $30,000. Finally, Center for Financial Planning Inc. grew its holdings in General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GD. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. BNP Paribas Exane upped their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada raised their target price on shares of 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, 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 research note on Thursday, July 30th. One 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Trading Up 0.1%

Shares of GD stock opened at $379.70 on Monday. The firm’s 50-day simple moving average is $376.45 and its 200-day simple moving average is $356.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The firm has a market cap of $102.73 billion, a P/E ratio of 23.17, a PEG ratio of 2.19 and a beta of 0.32.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The firm 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%. General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

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.