General Dynamics Corporation $GD Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC increased its position in General Dynamics Corporation (NYSE:GD) by 76.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374 shares of the aerospace company’s stock after acquiring an additional 162 shares during the period. Golden State Wealth Management LLC’s holdings in General Dynamics were worth $109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of General Dynamics by 2.1% in the first quarter. Axxcess Wealth Management LLC now owns 6,836 shares of the aerospace company’s stock valued at $1,863,000 after purchasing an additional 138 shares in the last quarter. Alps Advisors Inc. grew its position in shares of General Dynamics by 1.0% in the first quarter. Alps Advisors Inc. now owns 8,944 shares of the aerospace company’s stock valued at $2,438,000 after purchasing an additional 90 shares during the last quarter. Cerity Partners LLC raised its position in shares of General Dynamics by 3.1% during the 1st quarter. Cerity Partners LLC now owns 61,304 shares of the aerospace company’s stock worth $16,710,000 after purchasing an additional 1,834 shares during the last quarter. Finally, Processus Wealth & Capital Management LLC lifted its stake in General Dynamics by 2.1% in the 1st quarter. Processus Wealth & Capital Management LLC now owns 6,769 shares of the aerospace company’s stock valued at $1,845,000 after buying an additional 142 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Wednesday, October 8th. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a report on Monday, October 27th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. The Goldman Sachs Group upped their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Bank of America lifted 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. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned 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 $350.89.

Insider Buying and Selling at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction 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 transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,370 shares of company stock worth $50,143,516 in the last quarter. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 1.8%

Shares of GD opened at $346.58 on Friday. 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 firm has a market cap of $93.62 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The company’s fifty day moving average is $334.45 and its two-hundred day moving average is $306.90. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

About General Dynamics

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.