Equitable Holdings Inc. Takes $12.05 Million Position in General Dynamics Corporation $GD

Equitable Holdings Inc. acquired a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 34,018 shares of the aerospace company’s stock, valued at approximately $12,050,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. Whipplewood Advisors LLC raised its stake in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after buying an additional 69 shares during the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the first quarter valued at approximately $29,000. Wilkerson Advisory Group LLC grew its holdings in General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 39 shares during the period. Paladin Partners LLC acquired a new stake in General Dynamics during the 2nd quarter worth $30,000. Finally, Center for Financial Planning Inc. raised its position in shares of General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock worth $38,052,853 over the last ninety days. Insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $380.01 on Friday. The company has a fifty day moving average price of $375.86 and a two-hundred day moving average price of $356.60. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The stock has a market cap of $102.82 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.21 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $13.52 billion. During the same period in the prior year, the firm earned $3.74 EPS. General Dynamics’s quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders 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 yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GD. Citigroup increased their target price on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Susquehanna increased their price target on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. BNP Paribas Exane lifted their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Robert W. Baird set a $430.00 target price on shares of General Dynamics in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group cut their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a report on Monday, May 4th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.89.

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.