Arkadios Wealth Advisors Sells 11,715 Shares of General Dynamics Corporation $GD

Arkadios Wealth Advisors lessened its holdings in shares of General Dynamics Corporation (NYSE:GD) by 49.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,007 shares of the aerospace company’s stock after selling 11,715 shares during the period. Arkadios Wealth Advisors’ holdings in General Dynamics were worth $4,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC bought a new position in General Dynamics during the 3rd quarter worth $26,000. Louisbourg Investments Inc. acquired a new stake in shares of General Dynamics during the 3rd quarter worth $27,000. Vermillion & White Wealth Management Group LLC increased its position in shares of General Dynamics by 80.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares during the period. NewSquare Capital LLC raised its stake in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in General Dynamics in the second quarter valued at about $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GD shares. Argus increased their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research report on Monday, October 27th. Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Wolfe Research upped their target price on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. raised their target price on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Three investment 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $366.70.

Insider Transactions at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the transaction, the vice president owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

General Dynamics Trading Down 2.3%

NYSE GD opened at $359.05 on Wednesday. The company has a market cap of $96.99 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70. 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 business’s fifty day moving average is $345.01 and its 200 day moving average is $331.85.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.27% and a net margin of 8.18%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s payout ratio is presently 38.89%.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.