HighTower Advisors LLC Sells 5,219 Shares of General Dynamics Corporation $GD

HighTower Advisors LLC trimmed its stake in shares of General Dynamics Corporation (NYSE:GD) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 177,673 shares of the aerospace company’s stock after selling 5,219 shares during the period. HighTower Advisors LLC’s holdings in General Dynamics were worth $62,939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oxford Financial Group LTD. LLC lifted its holdings in shares of General Dynamics by 1.9% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after buying an additional 26 shares during the period. Willner & Heller LLC grew its holdings in General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after acquiring an additional 28 shares during the period. Meriwether Wealth & Planning LLC raised its position in General Dynamics by 0.8% during the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after acquiring an additional 28 shares in the last quarter. Capital Advisors Inc. OK lifted its holdings in General Dynamics by 0.6% in the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock valued at $1,612,000 after acquiring an additional 29 shares during the period. Finally, Klingman & Associates LLC lifted its holdings in General Dynamics by 3.3% in the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 30 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on GD. TD Cowen raised their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Bank of America boosted their target price on shares of General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a report on Thursday, July 30th. UBS Group raised their price target on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $384.00 price objective on shares of General Dynamics 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $410.89.

General Dynamics Stock Up 0.0%

General Dynamics stock opened at $359.54 on Tuesday. The stock has a market capitalization of $97.28 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The business has a 50 day simple moving average of $378.71 and a 200-day simple moving average of $357.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last announced its 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 return on equity of 17.43% and a net margin of 8.18%.The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the prior year, the company posted $3.74 EPS. The business’s quarterly revenue 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 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business 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. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% 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. Insiders own 1.40% of the company’s stock.

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.