Alps Advisors Inc. Buys 5,473 Shares of General Dynamics Corporation $GD

Alps Advisors Inc. raised its position in shares of General Dynamics Corporation (NYSE:GD) by 61.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,372 shares of the aerospace company’s stock after acquiring an additional 5,473 shares during the quarter. Alps Advisors Inc.’s holdings in General Dynamics were worth $4,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in General Dynamics by 3,306.5% in the third quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock worth $297,029,000 after acquiring an additional 845,482 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in General Dynamics by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after purchasing an additional 691,340 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of General Dynamics by 142.5% in the second quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock valued at $127,838,000 after acquiring an additional 257,534 shares in the last quarter. AQR Capital Management LLC increased its position in shares of General Dynamics by 43.0% during the 2nd 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 last quarter. Finally, Marshall Wace LLP purchased a new stake in General Dynamics during the second quarter worth about $66,599,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Argus raised their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. UBS Group set a $393.00 price objective on General Dynamics in a report on Thursday, January 29th. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, 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 report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $375.47.

General Dynamics Stock Performance

Shares of GD opened at $360.34 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The firm has a market capitalization of $97.43 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.41. The company has a 50-day simple moving average of $349.65 and a two-hundred day simple moving average of $337.35.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. During the same quarter in the prior year, the company earned $4.15 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal 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 paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is currently 38.83%.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.