Thoroughbred Financial Services LLC Has $2.50 Million Position in General Dynamics Corporation $GD

Thoroughbred Financial Services LLC grew its position in shares of General Dynamics Corporation (NYSE:GD) by 71.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,338 shares of the aerospace company’s stock after acquiring an additional 3,050 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in General Dynamics were worth $2,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC purchased a new position in General Dynamics in the third quarter valued at approximately $26,000. Louisbourg Investments Inc. bought a new stake in General Dynamics in the 3rd quarter valued at about $27,000. Redmont Wealth Advisors LLC bought a new position in General Dynamics during the third quarter worth about $30,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of 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 valued at $32,000 after buying an additional 49 shares in the last quarter. Finally, NewSquare Capital LLC boosted its holdings 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 buying an additional 44 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GD shares. Wall Street Zen cut General Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Susquehanna restated a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a report on Thursday, January 15th. Jefferies Financial Group increased their price target on shares of General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a research note on Sunday, February 1st. Argus boosted their target price on General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Morgan Stanley upped their price objective on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $376.26.

Insider Buying and Selling

In other news, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the sale, the vice president owned 7,936 shares in the company, valued at approximately $2,767,997.44. The trade was a 35.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Paddock sold 20,360 shares of the business’s stock in a transaction 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 completion of the sale, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $343.18 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 one year low of $239.20 and a one year high of $369.70. The company has a market capitalization of $92.79 billion, a PE ratio of 22.21, a P/E/G ratio of 2.10 and a beta of 0.41. The company has a 50-day simple moving average of $352.14 and a two-hundred day simple moving average of $340.16.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 EPS for the quarter, beating the consensus estimate of $4.11 by $0.06. The company had revenue of $14.38 billion for the quarter, compared to analyst estimates 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 was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 16th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, January 16th. General Dynamics’s dividend payout ratio is currently 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.