Nicholson Wealth Management Group LLC Acquires 33 Shares of General Dynamics Corporation $GD

Nicholson Wealth Management Group LLC increased its holdings in General Dynamics Corporation (NYSE:GD) by 0.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,582 shares of the aerospace company’s stock after buying an additional 33 shares during the period. General Dynamics comprises approximately 1.2% of Nicholson Wealth Management Group LLC’s investment portfolio, making the stock its 15th biggest holding. Nicholson Wealth Management Group LLC’s holdings in General Dynamics were worth $1,920,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. 1858 Wealth Management LLC raised its stake 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 worth $950,000 after buying an additional 32 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in General Dynamics by 2.9% in the second quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock worth $372,000 after purchasing an additional 36 shares during the last quarter. Principal Securities Inc. grew its holdings in General Dynamics by 0.5% in the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock worth $2,161,000 after purchasing an additional 37 shares during the last quarter. Sharpepoint LLC grew its holdings in General Dynamics by 4.2% in the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 37 shares during the last quarter. Finally, United Asset Strategies Inc. grew its holdings in General Dynamics by 1.2% in the first quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company’s stock worth $856,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of several analyst reports. Sanford C. Bernstein set a $314.00 price target on shares of General Dynamics and gave the stock a “market perform” rating in a report on Monday, July 14th. Citigroup lifted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. TD Cowen lifted their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Cowen reaffirmed a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $327.44.

Insider Buying and Selling

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 shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 in the last 90 days. 1.50% of the stock is currently owned by insiders.

General Dynamics Price Performance

Shares of GD opened at $331.33 on Friday. The firm has a market capitalization of $89.12 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37. The company’s fifty day moving average price is $326.86 and its 200-day moving average price is $298.89.

General Dynamics (NYSE:GD) last posted its quarterly earnings results 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 net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period in the prior year, the company earned $3.26 earnings per share. The firm’s 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. On average, equities research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared 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 yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 40.27%.

General Dynamics Company 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.