Evolve Private Wealth LLC Sells 2,756 Shares of General Dynamics Corporation $GD

Evolve Private Wealth LLC reduced its holdings in shares of General Dynamics Corporation (NYSE:GD) by 35.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,121 shares of the aerospace company’s stock after selling 2,756 shares during the quarter. Evolve Private Wealth LLC’s holdings in General Dynamics were worth $1,814,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of 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 boosted its holdings in shares of General Dynamics by 140.2% during 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 General Dynamics during the 2nd quarter worth $240,000. Flow Traders U.S. LLC bought a new stake in General Dynamics during the 2nd quarter worth $352,000. Finally, Jump Financial LLC bought a new position in General Dynamics in the second quarter valued at about $1,284,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent research reports. Citigroup lifted their price target on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. DA Davidson dropped their price objective on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. UBS Group lifted their target price on shares of General Dynamics from $366.00 to $395.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. BNP Paribas Exane upped their price target on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group dropped their price target on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $410.89.

General Dynamics Trading Down 0.4%

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 company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $374.15 and a 200-day moving average of $355.82. The stock has a market cap of $104.03 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.22 and a beta of 0.33.

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

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid 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%.

Insiders Place Their Bets

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction 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 sale, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. This represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by corporate insiders.

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.