Global Retirement Partners LLC Purchases Shares of 6,586 General Dynamics Corporation $GD

Global Retirement Partners LLC acquired a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,586 shares of the aerospace company’s stock, valued at approximately $2,333,000.

A number of other institutional investors and hedge funds have also modified their holdings of GD. Willner & Heller LLC increased its position in shares of General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after buying an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC lifted its holdings in shares of General Dynamics by 0.8% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after purchasing an additional 28 shares in the last quarter. Klingman & Associates LLC grew its position in shares of General Dynamics by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 30 shares during the period. Valmark Advisers Inc. increased its stake in General Dynamics by 0.5% during the 1st quarter. Valmark Advisers Inc. now owns 7,010 shares of the aerospace company’s stock worth $2,406,000 after purchasing an additional 32 shares in the last quarter. Finally, Courier Capital LLC increased its stake in General Dynamics by 0.5% during the 4th quarter. Courier Capital LLC now owns 6,407 shares of the aerospace company’s stock worth $2,157,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GD shares. UBS Group increased their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Bank of America boosted their price target on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Susquehanna upped their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $384.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Finally, TD Cowen boosted their price objective 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. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Stock Down 0.1%

GD stock opened at $395.46 on Monday. The firm has a market capitalization of $106.99 billion, a PE ratio of 24.13, a PEG ratio of 2.29 and a beta of 0.32. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $370.17 and a two-hundred day simple moving average of $354.64. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00.

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

General Dynamics Announces Dividend

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

Insider Activity

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,228 shares of company stock worth $38,052,853 over the last 90 days. 1.40% of the stock is currently owned by insiders.

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.