Alteri Wealth LLC Purchases 239 Shares of General Dynamics Corporation $GD

Alteri Wealth LLC increased its position in General Dynamics Corporation (NYSE:GD) by 12.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,086 shares of the aerospace company’s stock after buying an additional 239 shares during the quarter. Alteri Wealth LLC’s holdings in General Dynamics were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the period. IFP Advisors Inc boosted its position in shares of General Dynamics by 10.6% in the 1st quarter. IFP Advisors Inc now owns 7,581 shares of the aerospace company’s stock worth $2,067,000 after purchasing an additional 724 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of General Dynamics by 10.3% in the 1st quarter. Lindbrook Capital LLC now owns 1,299 shares of the aerospace company’s stock worth $354,000 after purchasing an additional 121 shares in the last quarter. Wealth Alliance LLC grew its stake in shares of General Dynamics by 42.2% in the 1st quarter. Wealth Alliance LLC now owns 1,159 shares of the aerospace company’s stock worth $316,000 after buying an additional 344 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in General Dynamics by 12.2% during the 1st quarter. Crestwood Advisors Group LLC now owns 3,854 shares of the aerospace company’s stock valued at $1,051,000 after buying an additional 419 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.1%

General Dynamics stock opened at $341.37 on Wednesday. The stock has a market cap of $92.21 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a fifty day moving average of $337.69 and a 200 day moving average of $311.06. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 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 analyst estimates of $12.49 billion. During the same quarter in the prior year, the firm earned $3.35 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GD shares. Melius Research raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Sanford C. Bernstein upped their price target on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. Barclays raised their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Bank of America upped their target price on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Robert W. Baird set a $390.00 price target on shares of General Dynamics in a report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $353.85.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director owned 10,186 shares in the company, valued at $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,580 shares of company stock valued at $4,064,484. 1.50% of the stock is owned by corporate insiders.

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.