Cullen Capital Management LLC Raises Stock Position in General Dynamics Corporation $GD

Cullen Capital Management LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 675,358 shares of the aerospace company’s stock after buying an additional 2,169 shares during the period. General Dynamics makes up 2.4% of Cullen Capital Management LLC’s holdings, making the stock its 11th largest holding. Cullen Capital Management LLC’s holdings in General Dynamics were worth $239,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC raised its holdings in 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 purchasing an additional 69 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of General Dynamics in the first quarter valued at $29,000. Wilkerson Advisory Group LLC boosted its position in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 39 shares in the last quarter. Paladin Partners LLC acquired a new stake in General Dynamics in the 2nd quarter valued at about $30,000. Finally, Center for Financial Planning Inc. increased its holdings in General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD opened at $383.56 on Tuesday. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company’s 50 day simple moving average is $374.64 and its 200 day simple moving average is $356.08. The company has a market capitalization of $103.78 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.22 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

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

General Dynamics Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Activity

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president directly owned 44,767 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the topic of several research reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 price target on shares of General Dynamics in a research report on Monday, August 10th. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Jefferies Financial Group boosted their price target on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Bank of America upped 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. Finally, Wells Fargo & Company increased their price objective on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.