Hennion & Walsh Asset Management Inc. Has $8.77 Million Stock Holdings in General Dynamics Corporation $GD

Hennion & Walsh Asset Management Inc. raised its holdings in General Dynamics Corporation (NYSE:GD) by 14.6% during the second quarter, HoldingsChannel.com reports. The fund owned 24,755 shares of the aerospace company’s stock after purchasing an additional 3,151 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in General Dynamics were worth $8,769,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GD. AQR Capital Management LLC grew its stake in shares of General Dynamics by 118.3% during the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock worth $567,372,000 after buying an additional 901,679 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of General Dynamics by 35.0% during the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after acquiring an additional 863,392 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of General Dynamics by 831.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock valued at $251,405,000 after acquiring an additional 658,081 shares in the last quarter. Vanguard Group Inc. grew its position in General Dynamics by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after acquiring an additional 528,769 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in General Dynamics by 613.0% in the 4th quarter. Corient Private Wealth LLC now owns 613,732 shares of the aerospace company’s stock worth $206,619,000 after purchasing an additional 527,651 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GD has been the topic of several research reports. Jefferies Financial Group boosted their price target on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. 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 report on Thursday, July 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a report on Thursday, July 30th. BNP Paribas Exane raised their price target 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. Finally, TD Cowen lifted their price target on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $409.68.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president directly owned 44,767 shares in the company, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated 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 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 90 days, insiders have sold 172,938 shares of company stock valued at $63,093,675. 1.40% of the stock is currently owned by insiders.

Key Stories Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Major cybersecurity contract: General Dynamics Information Technology won a potential $1.3 billion Enterprise Network Operations and Cybersecurity Support contract for the Army National Guard and other federal partners. The award expands GDIT’s role in government IT, cybersecurity, artificial intelligence and data analytics, supporting expectations for durable defense-related revenue. GDIT Awarded $1.3 Billion Enterprise Network Operations and Cybersecurity Support Contract for the Army National Guard
• Positive Sentiment: Higher analyst price target: Wells Fargo raised its price target for GD to $440, implying further upside and reflecting continued confidence in the defense contractor’s earnings and backlog. Wells Fargo Increases General Dynamics Price Target
• Positive Sentiment: Dividend maintained: General Dynamics declared a quarterly dividend of $1.59 per share, payable November 13 to shareholders of record October 9. The annualized payout is $6.36 per share, representing an approximately 1.6% yield and reinforcing the company’s shareholder-return profile.
• Neutral Sentiment: Board appointment: President Danny Deep was elected to General Dynamics’ board of directors, adding senior operating leadership to the board. The move signals continuity but is unlikely to materially alter near-term earnings expectations. General Dynamics Elects Danny Deep to Board of Directors
• Neutral Sentiment: Mixed analyst commentary: BTIG assigned GD a Hold rating, tempering the more bullish signal from Wells Fargo. General Dynamics Receives a Hold from BTIG
• Neutral Sentiment: Insider selling: The CEO sold approximately $19.7 million of stock and an executive vice president sold approximately $16.3 million. These transactions may raise caution, although insider sales can reflect personal liquidity or diversification rather than a negative business outlook. CEO Insider Sale Executive Vice President Insider Sale

General Dynamics Stock Performance

NYSE:GD opened at $391.76 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The company has a 50 day simple moving average of $364.83 and a two-hundred day simple moving average of $353.66. The company has a market capitalization of $105.99 billion, a PE ratio of 23.90, a P/E/G ratio of 2.27 and a beta of 0.33.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the previous year, the company earned $3.74 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. General Dynamics’s dividend payout ratio is 38.80%.

General Dynamics Company 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.