Global Wealth Management Investment Advisory Inc. Sells 2,739 Shares of General Dynamics Corporation $GD

Global Wealth Management Investment Advisory Inc. cut its position in General Dynamics Corporation (NYSE:GD) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,034 shares of the aerospace company’s stock after selling 2,739 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in General Dynamics were worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of General Dynamics during the third quarter valued at approximately $26,000. Louisbourg Investments Inc. bought a new stake in General Dynamics in the 3rd quarter valued at $27,000. Vermillion & White Wealth Management Group LLC lifted its stake in General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares in the last quarter. NewSquare Capital LLC boosted its holdings in shares of General Dynamics by 64.7% during 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 during the last quarter. Finally, Harbor Asset Planning Inc. purchased a new position in shares of General Dynamics during the second quarter valued at about $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GD. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Bank of America increased their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 target price on shares of General Dynamics in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $359.90.

General Dynamics Price Performance

General Dynamics stock opened at $362.94 on Wednesday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $367.65. 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 firm has a 50-day moving average price of $343.09 and a 200-day moving average price of $329.32. The firm has a market capitalization of $98.04 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.60 and a beta of 0.41.

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

General Dynamics Dividend Announcement

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

Insiders Place Their Bets

In other news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

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.