Arista Wealth Management LLC Increases Holdings in General Dynamics Corporation $GD

Arista Wealth Management LLC increased its stake in General Dynamics Corporation (NYSE:GD) by 68.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,931 shares of the aerospace company’s stock after purchasing an additional 784 shares during the quarter. Arista Wealth Management LLC’s holdings in General Dynamics were worth $563,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. grew its position in shares of General Dynamics by 20.2% in the second quarter. Stratos Wealth Partners LTD. now owns 9,414 shares of the aerospace company’s stock valued at $2,746,000 after purchasing an additional 1,585 shares in the last quarter. Riverbend Wealth Management LLC grew its position in shares of General Dynamics by 2.0% in the second quarter. Riverbend Wealth Management LLC now owns 1,912 shares of the aerospace company’s stock valued at $558,000 after purchasing an additional 38 shares in the last quarter. Stratos Investment Management LLC grew its position in shares of General Dynamics by 2.3% in the second quarter. Stratos Investment Management LLC now owns 22,338 shares of the aerospace company’s stock valued at $6,515,000 after purchasing an additional 507 shares in the last quarter. Commons Capital LLC grew its position in shares of General Dynamics by 5.2% in the second quarter. Commons Capital LLC now owns 3,182 shares of the aerospace company’s stock valued at $928,000 after purchasing an additional 158 shares in the last quarter. Finally, Harbor Asset Planning Inc. purchased a new position in shares of General Dynamics in the second quarter valued at $35,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GD has been the subject of several recent analyst reports. TD Cowen boosted their target price on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Barclays boosted their target price on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their target price on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Susquehanna boosted their target price on General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Finally, Wolfe Research boosted their target price on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $327.44.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 over the last three months. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

GD opened at $331.33 on Friday. The stock has a 50-day moving average price of $326.86 and a 200-day moving average price of $298.89. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $347.37. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $89.12 billion, a P/E ratio of 22.24, a PEG ratio of 2.03 and a beta of 0.47.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the business earned $3.26 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is currently 40.27%.

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.