Transamerica Financial Advisors LLC Takes Position in General Dynamics Corporation $GD

Transamerica Financial Advisors LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,431 shares of the aerospace company’s stock, valued at approximately $861,000.

A number of other large investors also recently modified their holdings of GD. Corient Private Wealth LP acquired a new position in General Dynamics during the 2nd quarter valued at $57,986,000. Ausdal Financial Partners Inc. bought a new position in General Dynamics during the second quarter valued at about $773,000. Bank of America Corp DE acquired a new position in General Dynamics in the 2nd quarter valued at approximately $2,603,527,000. Bontempo Ohly Capital Mgmt LLC bought a new stake in shares of General Dynamics in the 2nd quarter worth approximately $4,941,000. Finally, Strategic Global Advisors LLC bought a new stake in shares of General Dynamics during the second quarter valued at approximately $3,659,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Up 1.5%

Shares of NYSE GD opened at $382.08 on Thursday. General Dynamics Corporation has a 52-week low of $306.77 and a 52-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 fifty day moving average of $375.27 and a two-hundred day moving average of $356.46. The stock has a market cap of $103.38 billion, a PE ratio of 23.31, a PEG ratio of 2.18 and a beta of 0.33.

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

General Dynamics Announces Dividend

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 issued a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s 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 $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GD shares. Morgan Stanley raised their target price on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Susquehanna raised their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. The Goldman Sachs Group decreased their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research report on Monday, May 4th. Finally, Bank of America increased their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.