General Dynamics Corporation $GD Shares Acquired by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC grew its position in General Dynamics Corporation (NYSE:GD) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,582 shares of the aerospace company’s stock after acquiring an additional 33 shares during the period. General Dynamics comprises approximately 1.2% of Nicholson Wealth Management Group LLC’s investment portfolio, making the stock its 15th biggest position. Nicholson Wealth Management Group LLC’s holdings in General Dynamics were worth $1,920,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Arista Wealth Management LLC raised its position in shares of General Dynamics by 68.4% in the second quarter. Arista Wealth Management LLC now owns 1,931 shares of the aerospace company’s stock worth $563,000 after acquiring an additional 784 shares during the period. Stratos Wealth Partners LTD. raised 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 worth $2,746,000 after acquiring an additional 1,585 shares during the period. Riverbend Wealth Management LLC raised 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 worth $558,000 after acquiring an additional 38 shares during the period. Stratos Investment Management LLC raised its position in shares of General Dynamics by 2.3% during the 2nd quarter. Stratos Investment Management LLC now owns 22,338 shares of the aerospace company’s stock worth $6,515,000 after purchasing an additional 507 shares during the last quarter. Finally, Commons Capital LLC raised its position in shares of General Dynamics by 5.2% during the 2nd quarter. Commons Capital LLC now owns 3,182 shares of the aerospace company’s stock worth $928,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 0.2%

Shares of NYSE GD opened at $331.33 on Friday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $347.37. The stock has a market cap of $89.12 billion, a PE ratio of 22.24, a P/E/G ratio of 2.03 and a beta of 0.47. 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 company has a 50-day moving average of $326.86 and a 200 day moving average of $298.89.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same quarter in the prior year, the company earned $3.26 EPS. General Dynamics’s revenue 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. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 40.27%.

Analyst Upgrades and Downgrades

GD has been the subject of several research analyst reports. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Barclays upped their price target on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Citigroup upped their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $327.44.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by company insiders.

General Dynamics Company 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.