Prospera Financial Services Inc Grows Holdings in General Dynamics Corporation $GD

Prospera Financial Services Inc grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 18.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,920 shares of the aerospace company’s stock after buying an additional 1,665 shares during the period. Prospera Financial Services Inc’s holdings in General Dynamics were worth $3,728,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC purchased a new position in General Dynamics in the third quarter worth $26,000. Louisbourg Investments Inc. purchased a new stake in General Dynamics during the third quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC lifted its stake in General Dynamics by 80.3% during 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 during the last quarter. NewSquare Capital LLC boosted its holdings in shares of 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 in the last quarter. Finally, Financial Consulate Inc. bought a new position in shares of General Dynamics during the 3rd quarter valued at about $40,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Down 3.3%

Shares of General Dynamics stock opened at $346.81 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70. The company’s 50 day moving average price is $350.28 and its 200-day moving average price is $337.73. The stock has a market capitalization of $93.78 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 2.14 and a beta of 0.41.

General Dynamics (NYSE:GD) last announced its quarterly earnings results 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. The business had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

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

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction that occurred 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 $12,272,808.48. This represents a 35.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GD. Robert W. Baird set a $390.00 target price on General Dynamics in a research report on Monday, October 27th. TD Cowen boosted their price objective on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Argus increased their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $375.47.

About General Dynamics

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.