Hsbc Holdings PLC Buys 378,266 Shares of General Dynamics Corporation $GD

Hsbc Holdings PLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 55.3% during the second quarter, HoldingsChannel.com reports. The fund owned 1,062,295 shares of the aerospace company’s stock after buying an additional 378,266 shares during the quarter. Hsbc Holdings PLC’s holdings in General Dynamics were worth $376,022,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Field & Main Bank purchased a new position in General Dynamics during the second quarter valued at approximately $62,000. Kingsview Wealth Management LLC acquired a new position in General Dynamics during the 2nd quarter valued at approximately $4,441,000. Beacon Pointe Advisors LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at $2,653,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of General Dynamics in the second quarter valued at about $373,000. Finally, Rakuten Investment Management Inc. acquired a new position in General Dynamics in the 2nd quarter worth approximately $13,977,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.0%

Shares of GD stock opened at $359.54 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The company’s 50-day moving average price is $378.48 and its 200-day moving average price is $357.36. The stock has a market cap of $97.28 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.07 and a beta of 0.32.

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, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same period last year, the business earned $3.74 earnings per share. General Dynamics’s revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

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 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GD shares. BNP Paribas Exane increased their price target on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price target on shares of General Dynamics in a report on Monday, August 10th. Jefferies Financial Group increased their target price on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wells Fargo & Company increased their target price on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

Insider Activity

In related news, EVP Marguerite Gilliland sold 43,180 shares of the stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was 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. This trade represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by company insiders.

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.