Global Wealth Management Investment Advisory Inc. Decreases Stake in General Dynamics Corporation $GD

Global Wealth Management Investment Advisory Inc. lessened its stake in General Dynamics Corporation (NYSE:GD) by 4.5% in the second quarter, HoldingsChannel.com reports. The firm owned 15,773 shares of the aerospace company’s stock after selling 749 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in General Dynamics were worth $4,600,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its holdings in General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares in the last quarter. NewSquare Capital LLC increased its stake in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in General Dynamics during the second quarter worth $35,000. Access Investment Management LLC purchased a new stake in General Dynamics during the second quarter worth $35,000. Finally, Nova Wealth Management Inc. acquired a new stake in General Dynamics in the first quarter valued at $33,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Susquehanna lifted their price target on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research note on Monday, October 27th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, UBS Group upped their target price on General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Two equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics Stock Performance

Shares of GD opened at $346.58 on Friday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The company’s 50 day simple moving average is $334.45 and its 200 day simple moving average is $307.13. The company has a market capitalization of $93.62 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.05 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

General Dynamics (NYSE:GD) last issued 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. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the firm posted $3.35 EPS. General Dynamics’s revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The shares were 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 in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,370 shares of company stock valued at $50,143,516. 1.50% of the stock is owned by corporate insiders.

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.