PYA Waltman Capital LLC Has $4.13 Million Position in General Dynamics Corporation $GD

PYA Waltman Capital LLC grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 26.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,650 shares of the aerospace company’s stock after buying an additional 2,437 shares during the quarter. General Dynamics makes up 1.0% of PYA Waltman Capital LLC’s portfolio, making the stock its 23rd largest position. PYA Waltman Capital LLC’s holdings in General Dynamics were worth $4,127,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GD. BlackRock Inc. acquired a new position in General Dynamics during the second quarter valued at approximately $6,840,590,000. Bank of America Corp DE acquired a new position in shares of General Dynamics during the 2nd quarter worth approximately $2,603,527,000. Corient Private Wealth LP acquired a new position in shares of General Dynamics during the 2nd quarter worth approximately $57,986,000. Bank of New York Mellon Corp bought a new stake in shares of General Dynamics during the 2nd quarter worth approximately $429,073,000. Finally, AQR Capital Management LLC boosted its holdings in shares of General Dynamics by 118.3% in 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 buying an additional 901,679 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.6%

Shares of General Dynamics stock opened at $368.98 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The business has a fifty day simple moving average of $377.39 and a two-hundred day simple moving average of $356.98. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a market capitalization of $99.83 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.15 and a beta of 0.32.

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

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio is 38.80%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. 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. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of General Dynamics in a report on Monday, August 10th. Finally, Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the business’s 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 sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 in the last three months. 1.40% of the stock is currently owned by company 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.