Cypress Capital Group Acquires Shares of 4,027 General Dynamics Corporation $GD

Cypress Capital Group bought a new position in shares of General Dynamics Corporation (NYSE:GDFree Report) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,027 shares of the aerospace company’s stock, valued at approximately $1,373,000.

Several other hedge funds have also modified their holdings of GD. Crowley Wealth Management Inc. grew its holdings in General Dynamics by 1.4% during the third quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after acquiring an additional 30 shares during the period. 1858 Wealth Management LLC boosted its position in shares of General Dynamics by 1.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC grew its stake in shares of General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after purchasing an additional 33 shares during the period. Gilbert & Cook Inc. increased its holdings in shares of General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after purchasing an additional 33 shares in the last quarter. Finally, Columbus Macro LLC lifted its stake in shares of General Dynamics by 0.4% in the third quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock valued at $2,948,000 after purchasing an additional 33 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on GD shares. Bank of America upped their target price on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Susquehanna reaffirmed a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Morgan Stanley set a $385.00 target price on General Dynamics in a report on Monday, October 27th. Finally, Melius Research upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.53.

Check Out Our Latest Stock Analysis on General Dynamics

General Dynamics Stock Performance

General Dynamics stock opened at $350.24 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70. The company has a market capitalization of $94.61 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.76 and a beta of 0.41. The stock has a fifty day moving average of $347.56 and a two-hundred day moving average of $334.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.44.

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

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s payout ratio is currently 38.89%.

Insider Activity

In related news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president owned 36,644 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Key Headlines Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

General Dynamics Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GDFree Report).

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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