12,538 Shares in General Dynamics Corporation $GD Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,538 shares of the aerospace company’s stock, valued at approximately $4,441,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares in the last quarter. Acadian Asset Management LLC raised its holdings in General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after acquiring an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of General Dynamics in the 2nd quarter worth approximately $240,000. Flow Traders U.S. LLC bought a new stake in shares of General Dynamics in the 2nd quarter worth approximately $352,000. Finally, Jump Financial LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $1,284,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $379.70 on Friday. The business’s fifty day moving average price is $376.45 and its two-hundred day moving average price is $356.76. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The stock has a market capitalization of $102.73 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 2.20 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 quarterly earnings data 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 return on equity of 17.43% and a net margin of 8.18%.The company had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same period last year, the business earned $3.74 earnings per share. The business’s 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. As a group, analysts predict that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics 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 directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 100,228 shares of company stock valued at $38,052,853 in the last ninety days. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on GD shares. Wall Street Zen lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Citigroup lifted their price target on shares of General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Morgan Stanley boosted their price target on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada raised their price objective on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. One research 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.