Proficio Capital Partners LLC Invests $559,000 in General Dynamics Corporation $GD

Proficio Capital Partners LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,577 shares of the aerospace company’s stock, valued at approximately $559,000.

Several other hedge funds have also recently bought and sold shares of GD. BlackRock Inc. acquired a new position in shares of General Dynamics in the 2nd quarter valued at about $6,840,590,000. Bank of America Corp DE purchased a new stake in shares of General Dynamics in the second quarter worth approximately $2,603,527,000. Corient Private Wealth LP acquired a new stake in shares of General Dynamics during the second quarter worth approximately $57,986,000. Bank of New York Mellon Corp acquired a new stake in shares of General Dynamics during the second quarter worth approximately $429,073,000. Finally, AQR Capital Management LLC grew its position in 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 valued at $567,372,000 after purchasing an additional 901,679 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of GD opened at $380.01 on Friday. The company’s fifty day moving average is $375.86 and its 200-day moving average is $356.60. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The firm has a market cap of $102.82 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

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 the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. 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 business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities analysts expect that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business 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 $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s payout ratio is currently 38.80%.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the company’s 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 completion of the sale, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated 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 transaction, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock valued at $38,052,853 over the last quarter. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Susquehanna lifted their target price on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Wall Street Zen lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. The Goldman Sachs Group reduced their price objective on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. DA Davidson lowered their target price on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $430.00 target price on General Dynamics in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $410.89.

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.