Wealth Enhancement Advisory Services LLC Has $65.43 Million Stake in General Dynamics Corporation $GD

Wealth Enhancement Advisory Services LLC increased its position in General Dynamics Corporation (NYSE:GD) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,521 shares of the aerospace company’s stock after purchasing an additional 9,379 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of General Dynamics worth $65,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GD. Halbert Hargrove Global Advisors LLC bought a new position in General Dynamics in the 3rd quarter valued at about $26,000. Louisbourg Investments Inc. purchased a new position in General Dynamics during the 3rd quarter worth $27,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. NewSquare Capital LLC boosted its holdings in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Financial Consulate Inc. bought a new stake in General Dynamics in the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GD. Argus boosted their target price on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. BNP Paribas Exane upped their price objective on General Dynamics from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. BNP Paribas upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, November 18th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $366.70.

Insider Buying and Selling

In related news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction that occurred 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 sale, the vice president owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD traded down $4.21 during midday trading on Tuesday, hitting $363.17. The company’s stock had a trading volume of 99,178 shares, compared to its average volume of 1,535,283. The firm has a market capitalization of $98.10 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.63 and a beta of 0.41. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $344.87 and a 200 day moving average price of $331.40. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.19. The company 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 firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period 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. On average, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is 38.89%.

General Dynamics Company 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.