General Dynamics Corporation $GD Shares Sold by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. trimmed its stake in shares of General Dynamics Corporation (NYSE:GD) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,773 shares of the aerospace company’s stock after selling 749 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in General Dynamics were worth $4,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1858 Wealth Management LLC lifted 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 acquiring an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC raised its holdings in shares of General Dynamics by 0.5% in 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 in the last quarter. Gilbert & Cook Inc. lifted its position in shares of General Dynamics by 1.4% during the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after purchasing an additional 33 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of General Dynamics by 10.9% during the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC increased 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 buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. UBS Group increased their price target on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Susquehanna increased their target price on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research report on Monday, October 27th. Finally, Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given 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 “Moderate Buy” and a consensus price target of $350.89.

General Dynamics Stock Up 1.8%

GD stock opened at $346.58 on Friday. The company 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 fifty day moving average price of $334.45 and a 200 day moving average price of $307.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $12.49 billion. During the same period in the previous year, the business posted $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. Sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 159,370 shares of company stock valued at $50,143,516 in the last quarter. 1.50% of the stock is currently owned by insiders.

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.