Ieq Capital LLC Sells 36,360 Shares of General Dynamics Corporation $GD

Ieq Capital LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 27.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,447 shares of the aerospace company’s stock after selling 36,360 shares during the period. Ieq Capital LLC’s holdings in General Dynamics were worth $34,165,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Whipplewood Advisors LLC increased its position in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 69 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of General Dynamics in the first quarter worth $29,000. Wilkerson Advisory Group LLC boosted its holdings in General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 39 shares during the last quarter. Paladin Partners LLC bought a new position in General Dynamics in the second quarter valued at $30,000. Finally, Center for Financial Planning Inc. increased its stake in General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction on Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares in the company, valued at $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $384.50 on Friday. 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 business’s 50 day moving average price is $374.15 and its two-hundred day moving average price is $355.82. The company has a market cap of $104.03 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.33. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00.

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 analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same period last year, the firm posted $3.74 earnings per share. The business’s 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. On average, analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. The ex-dividend date of this dividend 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 currently 38.80%.

Wall Street Analysts Forecast Growth

GD has been the subject of several analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 price objective on shares of General Dynamics in a report on Monday, August 10th. DA Davidson decreased their price target on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. UBS Group upped their price objective on General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Robert W. Baird set a $430.00 price objective on General Dynamics in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.