Wellington Management Group LLP Sells 4,390 Shares of General Dynamics Corporation $GD

Wellington Management Group LLP trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 356,297 shares of the aerospace company’s stock after selling 4,390 shares during the period. Wellington Management Group LLP’s holdings in General Dynamics were worth $126,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in shares of General Dynamics by 1,725.0% in 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 during the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the 1st quarter worth about $29,000. Wilkerson Advisory Group LLC raised its holdings in General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 39 shares during the last quarter. Paladin Partners LLC purchased a new stake in shares of General Dynamics during the second quarter valued at approximately $30,000. Finally, Center for Financial Planning Inc. increased its position in shares of General Dynamics by 220.7% during the fourth 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 own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction 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 sale, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 0.6%

Shares of GD stock opened at $368.98 on Wednesday. The company has a market cap of $99.83 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.15 and a beta of 0.32. The stock’s 50 day simple moving average is $377.39 and its two-hundred day simple moving average is $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 debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the company posted $3.74 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend 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 presently 38.80%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GD. Citigroup boosted 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. Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price objective on shares of General Dynamics in a report on Monday, August 10th. Wells Fargo & Company raised their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 price target on shares of General Dynamics in a report on Thursday, July 30th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $410.89.

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.