AE Wealth Management LLC Purchases 663 Shares of General Dynamics Corporation $GD

AE Wealth Management LLC grew its stake in General Dynamics Corporation (NYSE:GD) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,531 shares of the aerospace company’s stock after acquiring an additional 663 shares during the period. AE Wealth Management LLC’s holdings in General Dynamics were worth $1,613,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GD. 1858 Wealth Management LLC boosted its holdings in shares of General Dynamics by 1.0% during the 2nd 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 during the period. Nicholson Wealth Management Group LLC grew its position in General Dynamics by 0.5% in the second quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after acquiring an additional 33 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in shares of General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after acquiring an additional 33 shares during the last quarter. Crewe Advisors LLC raised its holdings 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 raised its position in General Dynamics by 1.5% during the 2nd quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock worth $658,000 after purchasing an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the transaction, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,370 shares of company stock worth $50,143,516 in the last three months. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Monday, October 27th. The Goldman Sachs Group increased their price objective on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Finally, Susquehanna lifted their price target on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.89.

General Dynamics Stock Performance

Shares of NYSE GD opened at $352.17 on Wednesday. The firm’s 50-day moving average price is $335.51 and its 200-day moving average price is $308.53. The company has a market cap of $95.13 billion, a PE ratio of 22.82, a PEG ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.19. The firm had revenue of $12.91 billion for 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 business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

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.