General Dynamics Corporation $GD Shares Bought by MBL Wealth LLC

MBL Wealth LLC raised its position in shares of General Dynamics Corporation (NYSE:GD) by 88.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,051 shares of the aerospace company’s stock after buying an additional 1,434 shares during the quarter. MBL Wealth LLC’s holdings in General Dynamics were worth $1,012,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Old North State Wealth Management LLC increased its holdings in shares of General Dynamics by 4.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 3,589 shares of the aerospace company’s stock worth $1,194,000 after buying an additional 157 shares during the last quarter. Virtue Asset Management LLC raised its position in shares of General Dynamics by 4.1% during the 3rd quarter. Virtue Asset Management LLC now owns 5,073 shares of the aerospace company’s stock valued at $1,683,000 after buying an additional 198 shares in the last quarter. NBT Bank N.A. purchased a new stake in shares of General Dynamics during the 3rd quarter valued at about $6,520,000. Root Financial Partners LLC bought a new position in shares of General Dynamics in the 3rd quarter valued at about $194,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of General Dynamics by 3.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,933 shares of the aerospace company’s stock valued at $641,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $349.29 on Friday. The company has a market cap of $94.50 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.05 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. The company’s 50 day moving average is $353.71 and its 200 day moving average is $354.99. 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 (NYSE:GD) last issued its earnings results 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. 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%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts forecast that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Dividend Announcement

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 paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GD. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Monday, September 28th. Wells Fargo & Company upped their price objective on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday, July 30th. BNP Paribas Exane upped their target price on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $402.32.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of the sale, the director directly owned 3,096 shares in the company, valued at $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 102,188 shares of company stock worth $38,627,265. Company insiders own 1.40% of the company’s stock.

General Dynamics Company Profile

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.