Prospera Financial Services Inc Raises Stake in General Dynamics Corporation $GD

Prospera Financial Services Inc boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,920 shares of the aerospace company’s stock after buying an additional 1,665 shares during the quarter. Prospera Financial Services Inc’s holdings in General Dynamics were worth $3,728,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new position in shares of General Dynamics during the 3rd quarter valued at approximately $26,000. Louisbourg Investments Inc. purchased a new position in General Dynamics in the third quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC grew its holdings 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 valued at $32,000 after purchasing an additional 49 shares during the period. NewSquare Capital LLC increased its position in General Dynamics by 64.7% in the second 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 last quarter. Finally, Financial Consulate Inc. bought a new stake in shares of General Dynamics in the third quarter valued at $40,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GD shares. Robert W. Baird set a $390.00 price target on General Dynamics in a research note on Monday, October 27th. UBS Group set a $393.00 price objective on shares of General Dynamics in a report on Thursday, January 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 target price on shares of General Dynamics in a research note on Monday, January 12th. Wolfe Research upped their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group lifted their price objective on shares of General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.47.

General Dynamics Price Performance

GD stock opened at $346.81 on Thursday. The firm has a 50 day moving average of $350.28 and a 200-day moving average of $337.73. The firm has a market capitalization of $93.78 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.14 and a beta of 0.41. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27.

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

General Dynamics Announces Dividend

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

Insiders Place Their Bets

In other General Dynamics news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction dated 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 $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.