General Dynamics Corporation $GD Holdings Lifted by CoreCap Advisors LLC

CoreCap Advisors LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 377.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,047 shares of the aerospace company’s stock after acquiring an additional 16,643 shares during the quarter. CoreCap Advisors LLC’s holdings in General Dynamics were worth $7,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GD. Brown Miller Wealth Management LLC grew its stake in shares of General Dynamics by 0.3% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock worth $2,993,000 after purchasing an additional 29 shares during the last quarter. Steph & Co. lifted its stake in General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 30 shares during the last quarter. Klingman & Associates LLC boosted its holdings in General Dynamics by 3.3% during the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after buying an additional 30 shares in the last quarter. New Wave Wealth Advisors LLC grew its position in General Dynamics by 4.4% in the fourth quarter. New Wave Wealth Advisors LLC now owns 733 shares of the aerospace company’s stock worth $247,000 after buying an additional 31 shares during the last quarter. Finally, Mechanics Financial Corp increased its holdings in shares of General Dynamics by 0.4% in the fourth quarter. Mechanics Financial Corp now owns 8,501 shares of the aerospace company’s stock valued at $2,862,000 after buying an additional 32 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on GD. Bank of America increased their price objective on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, July 6th. TD Cowen boosted their target price on General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. BNP Paribas Exane upped their target price on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Wells Fargo & Company increased their price target on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Citigroup lifted their price target on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $409.68.

General Dynamics Price Performance

GD opened at $386.07 on Wednesday. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. 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 firm has a market capitalization of $104.45 billion, a P/E ratio of 23.56, a PEG ratio of 2.21 and a beta of 0.33. The stock has a fifty day moving average of $362.36 and a 200-day moving average of $353.15.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period in the previous year, the firm earned $3.74 earnings per share. General Dynamics’s quarterly 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. Equities analysts forecast 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, August 7th. Investors of record on Thursday, July 2nd will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Insider Activity at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction on 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 approximately $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics 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 sale, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 172,938 shares of company stock worth $63,093,675 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

About General Dynamics

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.