Hennion & Walsh Asset Management Inc. Has $8.77 Million Position in General Dynamics Corporation $GD

Hennion & Walsh Asset Management Inc. increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 14.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,755 shares of the aerospace company’s stock after purchasing an additional 3,151 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in General Dynamics were worth $8,769,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of General Dynamics by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after purchasing an additional 528,769 shares in the last quarter. State Street Corp increased its holdings in General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after buying an additional 294,456 shares during the last quarter. Geode Capital Management LLC increased its holdings in General Dynamics by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after buying an additional 195,604 shares during the last quarter. JPMorgan Chase & Co. raised its position in General Dynamics by 2.2% during the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after acquiring an additional 114,647 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in General Dynamics by 3.3% in the fourth quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company’s stock valued at $1,159,273,000 after acquiring an additional 110,536 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GD. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Royal Bank Of Canada raised their target price on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted 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. TD Cowen raised their price objective on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Susquehanna lifted their target price on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $409.68.

General Dynamics Price Performance

Shares of NYSE GD opened at $391.76 on Friday. The firm has a market cap of $105.99 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.27 and a beta of 0.33. The business’s 50 day moving average is $364.83 and its 200-day moving average is $353.66. 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 1-year low of $306.77 and a 1-year high of $400.00.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the previous year, the company posted $3.74 EPS. The firm’s quarterly revenue 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 Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. General Dynamics’s dividend payout ratio is 38.80%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president owned 38,975 shares in the company, valued at $13,457,677.75. This represents a 48.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 172,938 shares of company stock valued at $63,093,675 in the last three months. 1.40% of the stock is owned by insiders.

General Dynamics News Summary

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Major cybersecurity contract: General Dynamics Information Technology won a potential $1.3 billion Enterprise Network Operations and Cybersecurity Support contract for the Army National Guard and other federal partners. The award expands GDIT’s role in government IT, cybersecurity, artificial intelligence and data analytics, supporting expectations for durable defense-related revenue. GDIT Awarded $1.3 Billion Enterprise Network Operations and Cybersecurity Support Contract for the Army National Guard
• Positive Sentiment: Higher analyst price target: Wells Fargo raised its price target for GD to $440, implying further upside and reflecting continued confidence in the defense contractor’s earnings and backlog. Wells Fargo Increases General Dynamics Price Target
• Positive Sentiment: Dividend maintained: General Dynamics declared a quarterly dividend of $1.59 per share, payable November 13 to shareholders of record October 9. The annualized payout is $6.36 per share, representing an approximately 1.6% yield and reinforcing the company’s shareholder-return profile.
• Neutral Sentiment: Board appointment: President Danny Deep was elected to General Dynamics’ board of directors, adding senior operating leadership to the board. The move signals continuity but is unlikely to materially alter near-term earnings expectations. General Dynamics Elects Danny Deep to Board of Directors
• Neutral Sentiment: Mixed analyst commentary: BTIG assigned GD a Hold rating, tempering the more bullish signal from Wells Fargo. General Dynamics Receives a Hold from BTIG
• Neutral Sentiment: Insider selling: The CEO sold approximately $19.7 million of stock and an executive vice president sold approximately $16.3 million. These transactions may raise caution, although insider sales can reflect personal liquidity or diversification rather than a negative business outlook. CEO Insider Sale Executive Vice President Insider Sale

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.