Perigon Wealth Management LLC Buys Shares of 13,527 General Dynamics Corporation $GD

Perigon Wealth Management LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,527 shares of the aerospace company’s stock, valued at approximately $4,792,000.

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC raised its position 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 purchasing an additional 69 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of General Dynamics in the first quarter valued at $29,000. Wilkerson Advisory Group LLC raised its holdings in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 39 shares during the period. Center for Financial Planning Inc. raised its holdings 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 valued at $31,000 after buying an additional 64 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 5,480 shares of the firm’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 value of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company’s stock, valued at $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction on Friday, July 31st. The shares were 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 directly owned 44,767 shares in the company, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

GD has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group boosted their target price on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wells Fargo & Company increased their price objective on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, BNP Paribas Exane lifted their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Price Performance

Shares of NYSE:GD opened at $390.67 on Tuesday. The company has a market cap of $105.70 billion, a P/E ratio of 23.84, a PEG ratio of 2.29 and a beta of 0.33. The company has a 50-day moving average price of $371.16 and a 200 day moving average price of $354.81. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. 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 (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors 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 dividend on an annualized basis and a yield of 1.6%. General Dynamics’s payout ratio is currently 38.80%.

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.