General Dynamics Corporation $GD Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of General Dynamics Corporation (NYSE:GD) by 15.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 150,319 shares of the aerospace company’s stock after buying an additional 19,756 shares during the quarter. Jones Financial Companies Lllp’s holdings in General Dynamics were worth $49,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GD. Pacer Advisors Inc. boosted its stake in shares of General Dynamics by 3,306.5% during the third quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock worth $297,029,000 after buying an additional 845,482 shares during the period. Ameriprise Financial Inc. lifted its position in General Dynamics by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after acquiring an additional 691,340 shares during the period. Prudential Financial Inc. grew its stake in shares of General Dynamics by 142.5% in the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock valued at $127,838,000 after purchasing an additional 257,534 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of General Dynamics by 43.0% in the second quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock valued at $222,294,000 after purchasing an additional 229,352 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of General Dynamics during the second quarter worth approximately $66,599,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GD shares. 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 report on Sunday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. Susquehanna reiterated a “positive” rating and set a $420.00 price target on shares of General Dynamics in a research note on Thursday, January 15th. Citigroup raised their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Finally, TD Cowen boosted their target price on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $375.47.

Insider Activity at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the 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 sale, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $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 at this hyperlink. 1.50% of the stock is owned by corporate insiders.

General Dynamics Trading Down 1.3%

Shares of General Dynamics stock opened at $346.66 on Tuesday. The company has a 50-day moving average of $347.94 and a two-hundred day moving average of $335.55. 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. The stock has a market cap of $93.64 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.83 and a beta of 0.41.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.57% and a net margin of 8.01%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s payout ratio is 38.83%.

General Dynamics Company 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.