Flavin Financial Services Inc. Purchases New Position in General Dynamics Corporation $GD

Flavin Financial Services Inc. purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,550 shares of the aerospace company’s stock, valued at approximately $549,000.

Several other institutional investors have also modified their holdings of GD. Whipplewood Advisors LLC grew its holdings in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Paladin Partners LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at about $30,000. Scarborough Advisors LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC boosted its position in shares of 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 during the period. Finally, Motiv8 Investments LLC purchased a new position in General Dynamics during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $384.50 on Monday. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a 50-day moving average price of $374.15 and a 200 day moving average price of $355.88. The company has a market cap of $104.03 billion, a P/E ratio of 23.46, a PEG ratio of 2.22 and a beta of 0.32. 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 (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 the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The firm 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 dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is currently 38.80%.

Insiders Place Their Bets

In other news, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’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 transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. This represents a 49.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction 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 sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on GD. Bank of America lifted their price target on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. BNP Paribas Exane raised their target price on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of General Dynamics in a report on Monday, August 10th. JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley increased their price target on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One research 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. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average target price 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.