J.Safra Asset Management Corp Purchases Shares of 2,753 General Dynamics Corporation $GD

J.Safra Asset Management Corp purchased a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, HoldingsChannel reports. The fund purchased 2,753 shares of the aerospace company’s stock, valued at approximately $975,000.

Other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its holdings in General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in General Dynamics during the 1st quarter valued at approximately $29,000. Wilkerson Advisory Group LLC raised its holdings in General Dynamics by 79.6% during the 1st 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. Center for Financial Planning Inc. lifted its position in shares of General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $31,000. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GD has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Wells Fargo & Company increased their price target on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, BNP Paribas Exane lifted their price objective on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $410.89.

General Dynamics Stock Performance

NYSE:GD opened at $395.46 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.44 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 has a fifty day moving average of $370.17 and a 200-day moving average of $354.64. The firm has a market capitalization of $106.99 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.29 and a beta of 0.32.

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

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the business’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 transaction, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was 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 in the company, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 100,228 shares of company stock valued at $38,052,853 in the last three months. 1.40% of the stock is currently owned by 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.