AdviceOne Advisory Services LLC Takes $441,000 Position in General Dynamics Corporation $GD

AdviceOne Advisory Services LLC bought a new stake in shares of General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,512 shares of the aerospace company’s stock, valued at approximately $441,000. General Dynamics comprises 0.3% of AdviceOne Advisory Services LLC’s holdings, making the stock its 15th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in GD. Brighton Jones LLC lifted its stake in General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in General Dynamics during the first quarter worth $267,000. Wealthcare Advisory Partners LLC lifted its stake in General Dynamics by 5.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,523 shares of the aerospace company’s stock worth $688,000 after purchasing an additional 133 shares during the last quarter. GAMMA Investing LLC lifted its stake in General Dynamics by 27.2% during the first quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company’s stock worth $1,245,000 after purchasing an additional 977 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in General Dynamics during the first quarter worth $224,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GD has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wolfe Research upgraded General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a research note on Thursday, July 24th. TD Cowen raised their target price on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Barclays raised their target price on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $319.00.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares in the company, valued at $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

GD stock opened at $333.03 on Friday. The stock has a market capitalization of $89.58 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37. The stock’s fifty day moving average is $324.93 and its two-hundred day moving average is $296.94.

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

General Dynamics Dividend Announcement

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

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.