ProVise Management Group LLC Purchases 3,091 Shares of General Dynamics Corporation $GD

ProVise Management Group LLC grew its position in General Dynamics Corporation (NYSE:GD) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,462 shares of the aerospace company’s stock after purchasing an additional 3,091 shares during the period. ProVise Management Group LLC’s holdings in General Dynamics were worth $10,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1858 Wealth Management LLC increased its holdings in shares of 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 in the last quarter. Nicholson Wealth Management Group LLC grew its position 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 during the period. Gilbert & Cook Inc. increased its stake in 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 in the last quarter. Crewe Advisors LLC raised its holdings in 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 lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 0.0%

NYSE:GD opened at $344.16 on Friday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The firm has a market capitalization of $92.96 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. 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 stock’s 50 day moving average price is $336.91 and its two-hundred day moving average price is $309.56.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share 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 analysts’ expectations of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were 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 in the company, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 141,670 shares of company stock valued at $44,543,236 in the last quarter. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. The Goldman Sachs Group boosted their price target on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a report on Friday, October 10th. Barclays lifted their target price on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Melius Research raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, UBS Group lifted their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $350.89.

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.