Wealthspire Advisors LLC Boosts Stock Position in General Dynamics Corporation $GD

Wealthspire Advisors LLC raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 17.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,066 shares of the aerospace company’s stock after purchasing an additional 306 shares during the period. Wealthspire Advisors LLC’s holdings in General Dynamics were worth $603,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Quarry LP lifted its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in General Dynamics during the 1st quarter valued at about $33,000. NewSquare Capital LLC increased its stake in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of General Dynamics during the second quarter worth about $35,000. Finally, Access Investment Management LLC purchased a new position in shares of General Dynamics in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GD shares. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Monday, October 27th. Susquehanna boosted their price target on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Bank of America raised their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group boosted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $358.10.

General Dynamics Price Performance

Shares of NYSE:GD opened at $340.31 on Friday. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. The stock has a market cap of $91.92 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The business’s fifty day moving average price is $338.58 and its two-hundred day moving average price is $311.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping 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 the consensus estimate of $12.49 billion. During the same quarter last year, the firm posted $3.35 earnings per share. General Dynamics’s 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. On average, analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 3,220 shares of the business’s 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 completion of the transaction, the director 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 SEC, which is available through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by insiders.

About General Dynamics

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.