Performance Wealth Partners LLC Takes $769,000 Position in General Dynamics Corporation $GD

Performance Wealth Partners LLC acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,172 shares of the aerospace company’s stock, valued at approximately $769,000.

Several other large investors have also bought and sold shares of GD. Deutsche Bank AG bought a new position in General Dynamics in the second quarter valued at about $147,519,000. Perigon Wealth Management LLC bought a new position in shares of General Dynamics in the second quarter worth about $4,792,000. Trust Co. of Vermont acquired a new stake in shares of General Dynamics in the 2nd quarter valued at approximately $2,426,000. Principle Wealth Partners LLC bought a new stake in shares of General Dynamics during the 2nd quarter valued at approximately $8,812,000. Finally, Capital Financial Group Inc. Co. ADV bought a new stake in shares of General Dynamics during the 2nd quarter valued at approximately $1,246,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of NYSE:GD opened at $390.67 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The firm has a market cap of $105.70 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.29 and a beta of 0.33. The firm’s fifty day moving average is $371.16 and its 200-day moving average is $354.81.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The business 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. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics’s dividend payout ratio is presently 38.80%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s 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 completion of the transaction, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group increased their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Jefferies Financial Group raised their price objective on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada upped their target price on General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. One investment 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.