1,606 Shares in General Dynamics Corporation $GD Acquired by Summit Asset Management LLC

Summit Asset Management LLC acquired a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,606 shares of the aerospace company’s stock, valued at approximately $569,000.

Other hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC raised its position in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after buying an additional 69 shares in the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the 1st quarter valued at approximately $29,000. Wilkerson Advisory Group LLC boosted its position 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 buying an additional 39 shares during the period. Motiv8 Investments LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $31,000. Finally, Center for Financial Planning Inc. grew its holdings in General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of several analyst reports. TD Cowen raised their price target on shares of General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. UBS Group increased their price objective on General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Bank of America raised their target price on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 price target on shares of General Dynamics in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $395.46 on Friday. The business has a 50-day simple moving average of $370.17 and a 200 day simple moving average of $354.71. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The firm has a market capitalization of $106.99 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.29 and a beta of 0.33.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for 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 company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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 issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the director owned 10,643 shares of the company’s stock, 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. In the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by company insiders.

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.