State Street Corp Boosts Stock Position in General Dynamics Corporation $GD

State Street Corp increased its stake in General Dynamics Corporation (NYSE:GD) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,811,099 shares of the aerospace company’s stock after purchasing an additional 374,682 shares during the quarter. State Street Corp’s holdings in General Dynamics were worth $4,183,964,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GD. BlackRock Inc. bought a new position in General Dynamics in the 2nd quarter worth about $6,840,590,000. Bank of America Corp DE purchased a new stake in shares of General Dynamics in the second quarter worth about $2,603,527,000. Geode Capital Management LLC boosted its position in shares of General Dynamics by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after acquiring an additional 195,604 shares during the period. JPMorgan Chase & Co. boosted its position in shares of General Dynamics by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock valued at $1,786,786,000 after acquiring an additional 114,647 shares during the period. Finally, Corient Private Wealth LP grew its stake in General Dynamics by 806.3% during the second quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company’s stock valued at $588,641,000 after acquiring an additional 1,478,353 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Marguerite Gilliland sold 43,180 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe Novakovic sold 51,568 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 2.8%

Shares of NYSE:GD traded down $10.08 on Tuesday, reaching $343.82. 444,170 shares of the company traded hands, compared to its average volume of 1,285,237. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The business’s 50-day simple moving average is $375.67 and its 200 day simple moving average is $357.65. The stock has a market capitalization of $93.02 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.32.

General Dynamics (NYSE:GD) last issued its 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. 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 in the prior year, the business posted $3.74 EPS. General Dynamics’s quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

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 paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is presently 38.80%.

Analysts Set New Price Targets

Several research firms have issued reports on GD. TD Cowen increased their target price on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” 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 report on Wednesday, July 1st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 price objective on shares of General Dynamics in a research report on Monday, August 10th. BNP Paribas Exane lifted their price objective on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. 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 assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $411.58.

General Dynamics 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.