Keebeck Wealth Management Buys New Position in General Dynamics Corporation $GD

Keebeck Wealth Management bought a new stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,387 shares of the aerospace company’s stock, valued at approximately $491,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC boosted its position in 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 acquiring an additional 69 shares during the last quarter. Scarborough Advisors LLC acquired a new position in General Dynamics in the 1st quarter valued at $29,000. Wilkerson Advisory Group LLC lifted its stake in shares of 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 purchasing an additional 39 shares during the period. Paladin Partners LLC acquired a new stake in shares of General Dynamics during the second quarter worth $30,000. Finally, Center for Financial Planning Inc. grew its position in shares of General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Down 0.4%

Shares of GD opened at $384.50 on Friday. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The firm has a market capitalization of $104.03 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.33. 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 stock’s fifty day simple moving average is $374.15 and its 200 day simple moving average is $355.82.

General Dynamics (NYSE:GD) last posted its quarterly 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. The firm 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%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities research analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued 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 payout ratio is presently 38.80%.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 10,643 shares of the company’s stock, valued at $3,884,695. The trade was a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on GD. Wells Fargo & Company upped their target price on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price objective on shares of General Dynamics in a research note on Monday, August 10th. Susquehanna increased their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group raised their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.89.

General Dynamics Company 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.