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

Wealth Enhancement Advisory Services LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 5.2% during the third quarter, Holdings Channel.com reports. The fund owned 190,521 shares of the aerospace company’s stock after buying an additional 9,379 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in General Dynamics were worth $65,431,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GD. Pure Financial Advisors LLC boosted its stake in General Dynamics by 52.4% in the second quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company’s stock worth $2,678,000 after buying an additional 3,156 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of General Dynamics by 0.5% in the 2nd quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company’s stock worth $83,548,000 after acquiring an additional 1,370 shares during the last quarter. Davis Capital Management bought a new position in shares of General Dynamics during the 3rd quarter valued at $1,007,000. Los Angeles Capital Management LLC raised its position in General Dynamics by 20.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock worth $87,246,000 after purchasing an additional 51,655 shares during the period. Finally, Nomura Holdings Inc. boosted its position in General Dynamics by 77.3% during the second quarter. Nomura Holdings Inc. now owns 22,000 shares of the aerospace company’s stock valued at $6,417,000 after buying an additional 9,592 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 1.1%

NYSE GD traded down $4.21 during trading on Tuesday, hitting $363.17. The company had a trading volume of 99,178 shares, compared to its average volume of 1,535,283. The company’s fifty day moving average is $344.87 and its 200-day moving average is $331.40. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The company has a market cap of $98.10 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same quarter in the previous year, the company earned $3.35 earnings per share. General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is 38.89%.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GD. Citigroup lifted their price objective on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Argus lifted their price target on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. JPMorgan Chase & Co. increased their price objective on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Morgan Stanley set a $385.00 target price on shares of General Dynamics in a research note on Monday, October 27th. Finally, TD Cowen increased their price target on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $366.70.

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.