Ethos Financial Group LLC Purchases Shares of 755 General Dynamics Corporation $GD

Ethos Financial Group LLC acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 755 shares of the aerospace company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1858 Wealth Management LLC raised its holdings in shares of General Dynamics by 1.0% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 32 shares during the period. 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 worth $1,920,000 after acquiring an additional 33 shares in the last quarter. Gilbert & Cook Inc. lifted its position in shares of General Dynamics by 1.4% during the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after purchasing an additional 33 shares in the last quarter. Crewe Advisors LLC boosted its position in General Dynamics by 10.9% in the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after buying an additional 34 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of a number of research analyst reports. Wolfe Research increased their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Robert W. Baird set a $390.00 price objective on General Dynamics in a research note on Monday, October 27th. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Sanford C. Bernstein lifted their price target 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, UBS Group increased their price objective on General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics Stock Performance

NYSE:GD opened at $346.58 on Friday. The company has a 50-day moving average of $334.45 and a 200-day moving average of $306.90. The firm has a market cap of $93.62 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50.

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

Insider Buying and Selling

In related news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction on 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 transaction, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 159,370 shares of company stock valued at $50,143,516. 1.50% of the stock is owned by insiders.

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.