Arvest Bank Trust Division Has $12.73 Million Holdings in General Dynamics Corporation $GD

Arvest Bank Trust Division lessened its position in General Dynamics Corporation (NYSE:GD) by 18.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,655 shares of the aerospace company’s stock after selling 10,147 shares during the quarter. Arvest Bank Trust Division’s holdings in General Dynamics were worth $12,732,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 1858 Wealth Management LLC raised its holdings in General Dynamics by 1.0% during 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 lifted its holdings 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 valued at $1,920,000 after purchasing an additional 33 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings 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 buying an additional 33 shares during the period. Crewe Advisors LLC boosted its holdings 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 acquiring an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its stake in General Dynamics by 1.5% in the 2nd 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 period. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research increased their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Susquehanna upped their price objective on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research report on Monday, October 27th. Robert W. Baird set a $390.00 target price on General Dynamics in a research report on Monday, October 27th. Finally, UBS Group increased their target price on shares of General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Two research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $350.89.

Insider Buying and Selling at General Dynamics

In related news, Director Mark Malcolm sold 3,220 shares of the company’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 value of $1,060,829.00. Following the sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 141,670 shares of company stock worth $44,543,236. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Down 1.6%

NYSE:GD opened at $343.98 on Friday. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The company has a market cap of $92.92 billion, a PE ratio of 22.29, a P/E/G ratio of 2.05 and a beta of 0.46. The firm’s 50 day simple moving average is $336.48 and its 200 day simple moving average is $309.06.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter last year, the firm earned $3.35 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

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.