Financial & Tax Architects LLC acquired a new position in General Dynamics Corporation (NYSE:GD – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,900 shares of the aerospace company’s stock, valued at approximately $8,150,000. General Dynamics accounts for approximately 1.8% of Financial & Tax Architects LLC’s portfolio, making the stock its 16th biggest position.
A number of other institutional investors and hedge funds have also modified their holdings of GD. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $26,000. Louisbourg Investments Inc. bought a new stake in General Dynamics in the third quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC raised its position in General Dynamics by 80.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares in the last quarter. NewSquare Capital LLC lifted its stake in General Dynamics by 64.7% during the second 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, Harbor Asset Planning Inc. acquired a new stake in General Dynamics during the second quarter valued at approximately $35,000. 86.14% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Wolfe Research increased their target price on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. The Goldman Sachs Group increased their price objective on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, UBS Group set a $393.00 price target on shares of General Dynamics in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.47.
Insider Transactions at General Dynamics
In other General Dynamics news, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
General Dynamics Stock Down 0.4%
Shares of NYSE GD opened at $351.96 on Friday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The firm’s 50-day simple moving average is $348.70 and its 200 day simple moving average is $336.17. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The company has a market cap of $95.17 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.41.
General Dynamics (NYSE:GD – Get Free Report) 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 net margin of 8.01% and a return on equity of 17.57%. The firm had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter last year, the company posted $4.15 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.
General Dynamics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, January 16th. General Dynamics’s payout ratio is 38.83%.
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.
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