Royal London Asset Management Ltd. Has $32.53 Million Stock Holdings in General Dynamics Corporation $GD

Royal London Asset Management Ltd. reduced its position in General Dynamics Corporation (NYSE:GD) by 3.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 91,845 shares of the aerospace company’s stock after selling 2,903 shares during the period. Royal London Asset Management Ltd.’s holdings in General Dynamics were worth $32,535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. BlackRock Inc. acquired a new position in shares of General Dynamics during the second quarter valued at $6,840,590,000. Bank of America Corp DE acquired a new stake in General Dynamics in the second quarter worth about $2,603,527,000. Corient Private Wealth LP bought a new stake in General Dynamics during the 2nd quarter worth about $57,986,000. Bank of New York Mellon Corp bought a new stake in General Dynamics during the 2nd quarter worth about $429,073,000. Finally, AQR Capital Management LLC lifted its position in General Dynamics by 118.3% during the 3rd 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 during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GD shares. Wall Street Zen lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a report on Thursday, July 30th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. The Goldman Sachs Group lowered their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a report on Monday, May 4th. Finally, Jefferies Financial Group upped their target price on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

General Dynamics Price Performance

General Dynamics stock opened at $379.70 on Friday. 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 firm has a market capitalization of $102.73 billion, a P/E ratio of 23.17, a PEG ratio of 2.19 and a beta of 0.33. The business has a 50-day moving average of $376.45 and a 200-day moving average of $356.76. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating 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 business had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same period last year, the company posted $3.74 EPS. General Dynamics’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. On average, equities analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. The trade was a 33.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phebe N. 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 value 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. This trade represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 over the last three months. 1.40% of the stock is currently owned by corporate 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.