Family Legacy Inc. Takes $3.12 Million Position in General Dynamics Corporation $GD

Family Legacy Inc. bought a new stake in General Dynamics Corporation (NYSE:GD) during the second quarter, Holdings Channel.com reports. The institutional investor bought 8,797 shares of the aerospace company’s stock, valued at approximately $3,116,000.

A number of other institutional investors have also made changes to their positions in GD. Clearstead Trust LLC acquired a new stake in General Dynamics during the 2nd quarter worth approximately $289,000. Maridea Wealth Management LLC acquired a new position in General Dynamics in the second quarter valued at approximately $402,000. Bridgewater Advisors Inc. purchased a new position in shares of General Dynamics in the 2nd quarter valued at $531,000. BIP Wealth LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at about $283,000. Finally, SWS Partners acquired a new position in shares of General Dynamics in the 2nd quarter valued at $3,159,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.6%

Shares of NYSE:GD opened at $395.46 on Friday. The firm has a fifty day moving average of $370.17 and a two-hundred day moving average of $354.71. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The firm has a market capitalization of $106.99 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.29 and a beta of 0.33.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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. The business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics’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 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities analysts expect that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.

Insider Buying and Selling

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock worth $38,052,853 in the last quarter. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GD shares. Jefferies Financial Group upped their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. BNP Paribas Exane lifted their price target on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. DA Davidson dropped their target price on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Finally, Wells Fargo & Company increased their price objective on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently 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.