Ameritas Advisory Services LLC Lowers Stock Holdings in General Dynamics Corporation $GD

Ameritas Advisory Services LLC reduced its position in General Dynamics Corporation (NYSE:GD) by 81.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 922 shares of the aerospace company’s stock after selling 4,177 shares during the quarter. Ameritas Advisory Services LLC’s holdings in General Dynamics were worth $314,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares in the last quarter. Acadian Asset Management LLC lifted its stake in General Dynamics by 140.2% in the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after purchasing an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in General Dynamics during the second quarter valued at about $240,000. Stratos Wealth Partners LTD. grew its stake in shares of General Dynamics by 20.2% during the second quarter. Stratos Wealth Partners LTD. now owns 9,414 shares of the aerospace company’s stock valued at $2,746,000 after buying an additional 1,585 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of General Dynamics in the second quarter worth about $12,629,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

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 completion of the transaction, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. This trade 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. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GD. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Citigroup increased 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. 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 research note on Monday, October 27th. Argus increased their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Finally, Bank of America reissued a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.47.

General Dynamics Stock Performance

Shares of GD opened at $347.83 on Tuesday. The company has a 50-day simple moving average of $350.73 and a two-hundred day simple moving average of $338.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The firm has a market capitalization of $94.05 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.08 and a beta of 0.41. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70.

General Dynamics (NYSE:GD) last posted its 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 firm 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 business’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 EPS. 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 given a dividend of $1.50 per share. The ex-dividend date of this dividend 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 currently 38.83%.

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.