PDT Partners LLC Lowers Holdings in General Dynamics Corporation $GD

PDT Partners LLC lessened its holdings in General Dynamics Corporation (NYSE:GD) by 24.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,133 shares of the aerospace company’s stock after selling 6,622 shares during the period. PDT Partners LLC’s holdings in General Dynamics were worth $7,132,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GD. Kinloch Capital LLC increased its stake in General Dynamics by 1.8% in the 2nd quarter. Kinloch Capital LLC now owns 11,886 shares of the aerospace company’s stock worth $4,210,000 after acquiring an additional 212 shares during the last quarter. Legal & General Group Plc boosted its position in shares of General Dynamics by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 1,056,617 shares of the aerospace company’s stock valued at $374,296,000 after acquiring an additional 12,129 shares during the last quarter. Trajan Wealth LLC grew its holdings in shares of General Dynamics by 16.6% during the second quarter. Trajan Wealth LLC now owns 58,551 shares of the aerospace company’s stock worth $20,741,000 after purchasing an additional 8,329 shares in the last quarter. Peak Asset Management LLC bought a new position in shares of General Dynamics in the second quarter worth approximately $384,000. Finally, Fiduciary Financial Advisors purchased a new stake in General Dynamics in the second quarter valued at approximately $54,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $376.49 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $374.88 and a 200-day moving average price of $356.25. The company has a market cap of $101.86 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.33. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The company 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% on a year-over-year basis. During the same quarter last year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a $1.59 dividend. 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 (DPR) is currently 38.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GD. BNP Paribas Exane raised their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. TD Cowen upped 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. Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price target on shares of General Dynamics in a research note on Monday, August 10th. Finally, Susquehanna upped their price objective on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $410.89.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction that occurred on 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 sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $2,000,200.00. Following the transaction, the director owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company’s stock.

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.