Cypress Capital Group Makes New Investment in General Dynamics Corporation $GD

Cypress Capital Group purchased a new position in shares of General Dynamics Corporation (NYSE:GDFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,027 shares of the aerospace company’s stock, valued at approximately $1,373,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new position in General Dynamics in the third quarter valued at $26,000. Louisbourg Investments Inc. acquired a new position in shares of General Dynamics during the 3rd quarter worth about $27,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 49 shares during the last quarter. NewSquare Capital LLC raised its position 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 acquiring an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. purchased a new stake in General Dynamics during the second quarter worth approximately $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GD shares. Wall Street Zen cut shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Bank of America boosted their price target on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. UBS Group set a $393.00 price objective on shares of General Dynamics in a research note on Thursday. Finally, Melius Research upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.53.

View Our Latest Stock Analysis on GD

Insiders Place Their Bets

In other General Dynamics news, 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 value of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Trending Headlines about General Dynamics

Here are the key news stories impacting General Dynamics this week:

General Dynamics Price Performance

Shares of GD opened at $350.24 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.44. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70. The firm has a 50-day simple moving average of $347.56 and a 200-day simple moving average of $334.43. The company has a market capitalization of $94.61 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.41.

General Dynamics (NYSE:GDGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter in the previous year, the firm posted $4.15 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is 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 currently 38.89%.

General Dynamics Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.