Wealthfront Advisers LLC Has $7.17 Million Stock Position in General Dynamics Corporation $GD

Wealthfront Advisers LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,594 shares of the aerospace company’s stock after acquiring an additional 1,152 shares during the quarter. Wealthfront Advisers LLC’s holdings in General Dynamics were worth $7,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in General Dynamics during the 1st quarter worth $272,464,000. Ameriprise Financial Inc. lifted its holdings in shares of General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after purchasing an additional 709,782 shares in the last quarter. Deutsche Bank AG boosted its position in General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after acquiring an additional 690,349 shares during the last quarter. JPMorgan Chase & Co. grew its position in General Dynamics by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after purchasing an additional 256,687 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of General Dynamics by 183.1% in the first quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock valued at $71,276,000 after acquiring an additional 169,120 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.8%

NYSE GD opened at $353.55 on Tuesday. The firm has a market capitalization of $95.10 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.15 and a beta of 0.47. The business’s 50-day moving average price is $330.30 and its two-hundred day moving average price is $302.83. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 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 net margin of 8.18% and a return on equity of 18.27%. The company’s quarterly revenue 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, analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is 40.27%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Susquehanna boosted their target price on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, UBS Group boosted their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $342.11.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,110 shares of company stock worth $60,778,364 over the last ninety days. 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.