Tocqueville Asset Management L.P. Lowers Stock Position in General Dynamics Corporation $GD

Tocqueville Asset Management L.P. cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 48.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,039 shares of the aerospace company’s stock after selling 1,900 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in General Dynamics were worth $722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Whipplewood Advisors LLC boosted its holdings in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares in the last quarter. Paladin Partners LLC purchased a new position in shares of General Dynamics during the 2nd quarter valued at about $30,000. Scarborough Advisors LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC lifted its position in 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 during the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in General Dynamics in the fourth quarter worth approximately $31,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE:GD opened at $384.50 on Friday. The firm has a market cap of $104.03 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.33. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The business has a 50 day moving average price of $374.15 and a 200-day moving average price of $355.82.

General Dynamics (NYSE:GD) last issued 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. 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 the consensus estimate of $13.52 billion. During the same period in the previous year, the firm earned $3.74 earnings per share. 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. Equities research analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.

Wall Street Analyst Weigh In

A number of research analysts have commented on GD shares. Wells Fargo & Company increased their price target 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. The Goldman Sachs Group lowered their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a report on Monday, May 4th. Royal Bank Of Canada increased their target price on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. TD Cowen lifted their target price on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $410.89.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. This represents a 33.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marguerite Amy 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 sale, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. Company insiders own 1.40% of the company’s stock.

About General Dynamics

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.