Stratos Wealth Partners LTD. Raises Holdings in General Dynamics Corporation $GD

Stratos Wealth Partners LTD. lifted its stake in General Dynamics Corporation (NYSE:GD) by 20.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,414 shares of the aerospace company’s stock after purchasing an additional 1,585 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in General Dynamics were worth $2,746,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GD. Inlight Wealth Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth $27,000. Quarry LP raised its position in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Abound Financial LLC bought a new position in shares of General Dynamics in the 1st quarter worth $32,000. Finally, Nova Wealth Management Inc. bought a new position in shares of General Dynamics in the 1st quarter worth $33,000. 86.14% of the stock is owned by institutional investors.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by insiders.

General Dynamics Stock Up 0.2%

General Dynamics stock opened at $331.33 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The business’s 50-day simple moving average is $326.86 and its two-hundred day simple moving average is $299.26. The company has a market cap of $89.12 billion, a PE ratio of 22.24, a PEG ratio of 2.04 and a beta of 0.47. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on General Dynamics from $328.00 to $360.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Robert W. Baird upped their target price on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $327.44.

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.