180 Wealth Advisors LLC Decreases Holdings in General Dynamics Corporation $GD

180 Wealth Advisors LLC lowered its stake in General Dynamics Corporation (NYSE:GD) by 1.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,167 shares of the aerospace company’s stock after selling 59 shares during the quarter. 180 Wealth Advisors LLC’s holdings in General Dynamics were worth $924,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Smallwood Wealth Investment Management LLC purchased a new stake in General Dynamics in the 1st quarter valued at approximately $27,000. Quarry LP lifted its stake in General Dynamics by 783.3% in the 1st 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. Abound Financial LLC purchased a new stake in General Dynamics in the 1st quarter valued at approximately $32,000. Nova Wealth Management Inc. purchased a new stake in General Dynamics in the 1st quarter valued at approximately $33,000. Finally, Harbor Asset Planning Inc. purchased a new stake in General Dynamics in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 242,460 shares of company stock worth $76,192,291. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GD. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Barclays boosted their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a “market perform” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $327.44.

General Dynamics Trading Up 2.6%

GD stock opened at $350.22 on Friday. The company has a market cap of $94.20 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.10 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $329.49 and a 200-day simple moving average of $301.72. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business 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 17.99% and a net margin of 8.13%.The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed 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 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 40.27%.

General Dynamics Company 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.