Midland Wealth Advisors LLC Sells 278 Shares of General Dynamics Corporation $GD

Midland Wealth Advisors LLC lowered its holdings in shares of General Dynamics Corporation (NYSE:GD) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,306 shares of the aerospace company’s stock after selling 278 shares during the quarter. Midland Wealth Advisors LLC’s holdings in General Dynamics were worth $673,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP raised its position in General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of General Dynamics in the 1st quarter worth approximately $33,000. NewSquare Capital LLC increased its position in shares of 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 in the last quarter. Harbor Asset Planning Inc. purchased a new stake in General Dynamics in the second quarter valued at about $35,000. Finally, Access Investment Management LLC purchased a new stake in General Dynamics during the 2nd quarter worth approximately $35,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GD has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Susquehanna lifted their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a report on Monday, October 27th. The Goldman Sachs Group upped their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Citigroup raised their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Monday, October 27th. Two 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. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $350.89.

General Dynamics Trading Up 1.8%

NYSE GD opened at $346.58 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market capitalization of $93.62 billion, a P/E ratio of 22.46, a PEG ratio of 2.05 and a beta of 0.46. The firm’s 50-day moving average is $334.45 and its two-hundred day moving average is $307.42. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50.

General Dynamics (NYSE:GD) last announced its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating 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 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 quarter in the previous year, the company earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction on Monday, August 18th. The shares were 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 owned 769,607 shares in the company, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,370 shares of company stock valued at $50,143,516 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

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.