Wealth Enhancement Advisory Services LLC Boosts Holdings in General Dynamics Corporation $GD

Wealth Enhancement Advisory Services LLC raised its position in shares of General Dynamics Corporation (NYSE:GD) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,142 shares of the aerospace company’s stock after acquiring an additional 8,781 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in General Dynamics were worth $53,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Retirement Guys Formula LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $1,692,000. Advisory Resource Group raised its holdings in shares of General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company’s stock worth $5,234,000 after acquiring an additional 1,276 shares in the last quarter. Mission Wealth Management LP raised its holdings in shares of General Dynamics by 18.9% during the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company’s stock worth $4,401,000 after acquiring an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its holdings in shares of General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company’s stock worth $9,171,000 after acquiring an additional 8,073 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. raised its holdings in shares of General Dynamics by 11.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock worth $4,504,000 after acquiring an additional 1,704 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $324.69 on Friday. The stock’s fifty day moving average is $315.93 and its two-hundred day moving average is $288.99. The company has a market capitalization of $87.34 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $330.18.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the prior year, the company posted $3.26 EPS. General Dynamics’s quarterly revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GD. TD Cowen boosted their target price on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Citigroup boosted their target price on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and boosted their target price for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. Finally, Robert W. Baird boosted their target price on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $315.78.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by company insiders.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.