B.A. Schrock Wealth Management Inc. Makes New $779,000 Investment in General Dynamics Corporation $GD

B.A. Schrock Wealth Management Inc. acquired a new stake in shares of General Dynamics Corporation (NYSE:GD) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,341 shares of the aerospace company’s stock, valued at approximately $779,000.

Other institutional investors have also recently made changes to their positions in the company. Caisse de depot et placement du Quebec increased its stake in General Dynamics by 454.0% during the 2nd quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company’s stock valued at $64,088,000 after purchasing an additional 148,262 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of General Dynamics in the second quarter worth $21,368,000. United Capital Financial Advisors LLC acquired a new stake in shares of General Dynamics during the second quarter worth $30,781,000. Professional Advisory Services Inc. lifted its stake in shares of General Dynamics by 4.0% during the second quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock worth $23,744,000 after buying an additional 2,562 shares during the period. Finally, FSA Advisors Inc. purchased a new stake in shares of General Dynamics during the second quarter valued at $1,254,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada upped their target price on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Sanford C. Bernstein lowered their price target on General Dynamics from $407.00 to $365.00 and set a “market perform” rating for the company in a research report on Wednesday. Citigroup dropped their price target on General Dynamics from $404.00 to $374.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $404.95.

Insider Transactions at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the transaction, the director directly owned 3,096 shares of the company’s stock, valued at $1,071,370.80. The trade was a 70.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,188 shares of company stock valued at $38,627,265 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

General Dynamics Stock Up 0.6%

Shares of GD opened at $334.52 on Thursday. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week 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 market capitalization of $90.51 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.92 and a beta of 0.33. The stock’s 50-day moving average price is $360.43 and its 200-day moving average price is $355.15.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating the consensus estimate 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. General Dynamics’s quarterly 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. On average, sell-side analysts predict that General Dynamics Corporation will post 16.98 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.