2,190 Shares in General Dynamics Corporation $GD Acquired by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,190 shares of the aerospace company’s stock, valued at approximately $776,000.

Several other institutional investors also recently bought and sold shares of GD. Whipplewood Advisors LLC increased its position in shares of General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 69 shares in the last quarter. Paladin Partners LLC acquired a new position in shares of General Dynamics during the 2nd quarter valued at $30,000. Scarborough Advisors LLC purchased a new stake in General Dynamics during the 1st quarter worth $29,000. Wilkerson Advisory Group LLC increased its holdings in General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in General Dynamics in the 4th quarter valued at $31,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group boosted their price objective on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Robert W. Baird set a $430.00 target price on General Dynamics in a research note on Thursday, July 30th. UBS Group raised their target price on General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Royal Bank Of Canada boosted their price target on General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Finally, Morgan Stanley increased their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. One investment 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 issued a Sell rating to the company. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares of the company’s stock, valued at $3,884,695. This represents a 33.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 in the last three months. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

NYSE:GD opened at $379.70 on Friday. The firm has a 50-day moving average of $376.45 and a two-hundred day moving average of $356.76. 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 cap of $102.73 billion, a P/E ratio of 23.17, a PEG ratio of 2.20 and a beta of 0.33. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00.

General Dynamics (NYSE:GD) last announced 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. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period in the previous year, the company earned $3.74 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, research analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is currently 38.80%.

General Dynamics 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.