Kingsview Wealth Management LLC Purchases 150 Shares of General Dynamics Corporation $GD

Kingsview Wealth Management LLC lifted its holdings in General Dynamics Corporation (NYSE:GD) by 1.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,966 shares of the aerospace company’s stock after purchasing an additional 150 shares during the quarter. Kingsview Wealth Management LLC’s holdings in General Dynamics were worth $2,907,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. 1858 Wealth Management LLC boosted its holdings in General Dynamics by 1.0% in the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its position in General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after purchasing an additional 33 shares during the period. Gilbert & Cook Inc. boosted its stake in shares of General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after purchasing an additional 33 shares during the last quarter. Crewe Advisors LLC grew its position in shares of General Dynamics by 10.9% during the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC raised its stake in shares of General Dynamics by 1.5% during the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock worth $658,000 after buying an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,580 shares of company stock worth $4,064,484 in the last 90 days. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Barclays boosted their price target on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein raised their price objective on General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a report on Tuesday, October 28th. Finally, Vertical Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $353.85.

General Dynamics Trading Down 0.1%

Shares of GD stock opened at $341.37 on Wednesday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The firm has a 50 day moving average price of $337.69 and a two-hundred day moving average price of $311.06. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $92.21 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46.

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

General Dynamics Profile

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.