Van ECK Associates Corp Has $13.49 Million Stock Holdings in General Dynamics Corporation $GD

Van ECK Associates Corp trimmed its holdings in General Dynamics Corporation (NYSE:GD) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,081 shares of the aerospace company’s stock after selling 4,384 shares during the period. Van ECK Associates Corp’s holdings in General Dynamics were worth $13,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of General Dynamics in the second quarter valued at approximately $6,840,590,000. Bank of America Corp DE bought a new stake in General Dynamics during the second quarter worth $2,603,527,000. Corient Private Wealth LP bought a new stake in General Dynamics during the second quarter worth $57,986,000. Bank of New York Mellon Corp purchased a new stake in General Dynamics in the 2nd quarter valued at $429,073,000. Finally, AQR Capital Management LLC lifted its stake in General Dynamics by 118.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after acquiring an additional 901,679 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’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 transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Royal Bank Of Canada upped 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 note on Thursday, July 30th. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Morgan Stanley boosted their price target 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. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Robert W. Baird set a $430.00 target price on General Dynamics 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $410.89.

General Dynamics Trading Down 1.9%

NYSE GD opened at $372.00 on Tuesday. The business’s fifty day moving average is $377.02 and its 200-day moving average is $356.83. 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 stock has a market capitalization of $100.65 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.19 and a beta of 0.32. 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 results 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 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 in the prior year, the business earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is 38.80%.

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.