Diversify Advisory Services LLC Invests $4.35 Million in General Dynamics Corporation $GD

Diversify Advisory Services LLC acquired 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 & Exchange Commission. The firm acquired 11,186 shares of the aerospace company’s stock, valued at approximately $4,353,000.

A number of other institutional investors have also recently added to or reduced their stakes in GD. Whipplewood Advisors LLC boosted its stake in General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of General Dynamics in the 1st quarter worth $29,000. Wilkerson Advisory Group LLC lifted its holdings in shares of General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 39 shares during the period. Paladin Partners LLC bought a new position in General Dynamics during the second quarter valued at about $30,000. Finally, Center for Financial Planning Inc. grew its holdings in General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GD has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Citigroup boosted their target price on shares of General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Susquehanna increased 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. Finally, Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Trading Up 0.7%

Shares of NYSE GD opened at $393.77 on Wednesday. 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 Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company has a market cap of $106.54 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 2.29 and a beta of 0.32. The business has a fifty day simple moving average of $372.12 and a 200-day simple moving average of $355.08.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. General Dynamics’s payout ratio is currently 38.80%.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 in the company, valued at approximately $293,231,119.06. This 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 firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company’s stock, valued at $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 have sold 100,228 shares of company stock worth $38,052,853 over the last 90 days. 1.40% of the stock is owned by company 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.