Smith Chas P & Associates PA Cpas Has $44.21 Million Holdings in General Dynamics Corporation $GD

Smith Chas P & Associates PA Cpas trimmed its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,790 shares of the aerospace company’s stock after selling 1,776 shares during the period. General Dynamics comprises about 2.2% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 20th largest position. Smith Chas P & Associates PA Cpas’ holdings in General Dynamics were worth $44,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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 acquired a new stake in General Dynamics in the 1st quarter valued at approximately $29,000. Wilkerson Advisory Group LLC boosted its position in 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 acquiring an additional 39 shares during the last quarter. Paladin Partners LLC bought a new position in shares of General Dynamics during the 2nd quarter worth approximately $30,000. Finally, Center for Financial Planning Inc. raised its holdings in shares of General Dynamics by 220.7% in 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 last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Marguerite Gilliland sold 43,180 shares of the 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 transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Malcolm sold 5,480 shares of the firm’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 sale, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

General Dynamics Stock Performance

NYSE GD traded up $2.19 during trading on Friday, reaching $356.44. 1,343,363 shares of the company’s stock were exchanged, compared to its average volume of 1,288,858. 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 business has a 50 day moving average price of $378.18 and a 200-day moving average price of $357.54. The stock has a market capitalization of $96.44 billion, a P/E ratio of 21.75, a PEG ratio of 2.04 and a beta of 0.32. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same period last year, the firm posted $3.74 earnings per share. 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 forecast that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GD. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Jefferies Financial Group raised their price objective on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 9th. UBS Group upped their target price on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a report on Tuesday. Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday, July 30th. Finally, Susquehanna upped their price objective on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.58.

General Dynamics Company Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.