Keebeck Wealth Management Takes $491,000 Position in General Dynamics Corporation $GD

Keebeck Wealth Management bought a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,387 shares of the aerospace company’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Keating Financial Advisory Services Inc. raised its stake in shares of General Dynamics by 16.7% during the second quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company’s stock valued at $77,000 after purchasing an additional 31 shares during the period. OneAscent Family Office LLC purchased a new position in shares of General Dynamics in the second quarter valued at $222,000. Oxford Financial Group LTD. LLC grew its holdings in General Dynamics by 1.9% during the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after purchasing an additional 26 shares in the last quarter. Vise Technologies Inc. increased its stake in General Dynamics by 66.2% during the 2nd quarter. Vise Technologies Inc. now owns 21,368 shares of the aerospace company’s stock worth $7,569,000 after buying an additional 8,508 shares during the period. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in General Dynamics during the 2nd quarter worth $778,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GD. Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. DA Davidson cut their price target on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. TD Cowen increased their price target on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Morgan Stanley raised their price objective on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, Citigroup lifted their price objective on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a report 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $410.89.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,228 shares of company stock worth $38,052,853 over the last quarter. 1.40% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of GD stock opened at $384.50 on Friday. The firm has a market cap of $104.03 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.23 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The firm has a fifty day moving average of $374.15 and a two-hundred day moving average of $355.82.

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 the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the previous year, the firm earned $3.74 EPS. The company’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. As a group, research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s payout ratio is currently 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.