Wedbush Securities Inc. Increases Stake in General Dynamics Corporation $GD

Wedbush Securities Inc. increased its holdings in General Dynamics Corporation (NYSE:GD) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,187 shares of the aerospace company’s stock after purchasing an additional 3,291 shares during the quarter. Wedbush Securities Inc.’s holdings in General Dynamics were worth $7,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GD. Halbert Hargrove Global Advisors LLC purchased a new position in shares of General Dynamics in the third quarter worth about $26,000. Louisbourg Investments Inc. purchased a new stake in General Dynamics during the 3rd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC grew its position in General Dynamics by 80.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 49 shares during the last quarter. NewSquare Capital LLC increased its stake in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the period. Finally, Financial Consulate Inc. bought a new stake in General Dynamics in the third quarter valued at approximately $40,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the transaction, the vice president owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GD shares. BNP Paribas Exane cut their target price on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group set a $393.00 price objective on shares of General Dynamics in a research note on Thursday, January 29th. Citigroup increased their target price on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $375.47.

General Dynamics Price Performance

Shares of NYSE GD opened at $346.81 on Thursday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The stock has a market capitalization of $93.78 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.14 and a beta of 0.41. The company’s 50-day moving average is $350.28 and its 200 day moving average is $337.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same period in the previous year, the firm posted $4.15 EPS. The business’s revenue was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. General Dynamics’s dividend payout ratio is presently 38.83%.

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.