Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 635,112 General Dynamics Corporation $GD

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 635,112 shares of the aerospace company’s stock, valued at approximately $224,983,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in 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 purchasing an additional 417 shares during the last quarter. Acadian Asset Management LLC increased its stake in General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of General Dynamics during the 2nd quarter worth approximately $240,000. Flow Traders U.S. LLC purchased a new position in shares of General Dynamics in the 2nd quarter worth approximately $352,000. Finally, Jump Financial LLC bought a new position in shares of General Dynamics in the second quarter valued at approximately $1,284,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Price Performance

General Dynamics stock opened at $390.67 on Tuesday. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. 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 business’s 50 day simple moving average is $371.16 and its 200 day simple moving average is $354.81. The company has a market cap of $105.70 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.29 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, topping 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%.The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last 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 forecast that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Activity at General Dynamics

In related 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 value of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the sale, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 100,228 shares of company stock worth $38,052,853. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on GD shares. Susquehanna increased their price target on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Morgan Stanley upped their price objective on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group raised their target price on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Citigroup boosted their price target on shares of General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus 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.