Krilogy Financial LLC Buys New Shares in General Dynamics Corporation $GD

Krilogy Financial LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,682 shares of the aerospace company’s stock, valued at approximately $1,605,000.

Other large investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter valued at about $26,000. Louisbourg Investments Inc. bought a new position in General Dynamics in the third quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC increased its position 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 worth $32,000 after purchasing an additional 49 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of General Dynamics by 64.7% during 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. acquired a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $40,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on GD shares. Morgan Stanley upped their price target on shares of General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Monday, October 27th. Bank of America reiterated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Friday, January 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 price target on shares of General Dynamics in a research report on Monday, January 12th. Finally, Citigroup upped their price objective on General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $375.47.

General Dynamics Stock Down 3.3%

General Dynamics stock opened at $346.81 on Thursday. The company’s 50-day moving average price is $350.28 and its two-hundred day moving average price is $337.73. 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 stock has a market cap of $93.78 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.14 and a beta of 0.41. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70.

General Dynamics (NYSE:GD) last posted its 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 the consensus estimate of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

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

Insider Buying and Selling at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were 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 represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

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.