Manhattan West Asset Management LLC Boosts Position in General Dynamics Corporation $GD

Manhattan West Asset Management LLC grew its holdings in General Dynamics Corporation (NYSE:GD) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,618 shares of the aerospace company’s stock after acquiring an additional 1,807 shares during the period. General Dynamics comprises 1.2% of Manhattan West Asset Management LLC’s holdings, making the stock its 21st biggest position. Manhattan West Asset Management LLC’s holdings in General Dynamics were worth $6,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC lifted 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 valued at $25,000 after purchasing an additional 69 shares during the period. Scarborough Advisors LLC acquired a new stake in General Dynamics during the 1st quarter worth about $29,000. Wilkerson Advisory Group LLC raised 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 valued at $30,000 after buying an additional 39 shares during the last quarter. Paladin Partners LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at about $30,000. Finally, Center for Financial Planning Inc. lifted its holdings in shares of General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of several analyst reports. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. UBS Group upped their price objective on 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 raised their price objective 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. Susquehanna lifted their target price on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group increased their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $410.89.

General Dynamics Stock Down 0.4%

General Dynamics stock opened at $384.50 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The stock has a market capitalization of $104.03 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.33. The business has a 50 day simple moving average of $374.15 and a 200-day simple moving average of $355.82. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping 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 firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. The company’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, analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal 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 given a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value 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. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Malcolm sold 5,480 shares of the firm’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 completion of the transaction, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by insiders.

About General Dynamics

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.