Soltis Investment Advisors LLC Acquires 840 Shares of General Dynamics Corporation $GD

Soltis Investment Advisors LLC lifted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,615 shares of the aerospace company’s stock after acquiring an additional 840 shares during the quarter. Soltis Investment Advisors LLC’s holdings in General Dynamics were worth $4,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. 1858 Wealth Management LLC grew its stake in General Dynamics by 1.0% in the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 32 shares during the period. Nicholson Wealth Management Group LLC grew its stake in General Dynamics by 0.5% in the second quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after purchasing an additional 33 shares during the period. Gilbert & Cook Inc. grew its stake in General Dynamics by 1.4% in the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after purchasing an additional 33 shares during the period. Crewe Advisors LLC grew its stake in General Dynamics by 10.9% in the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC grew its stake in General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock worth $658,000 after purchasing an additional 34 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.1%

GD stock opened at $343.22 on Thursday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The business’s 50-day moving average is $333.71 and its two-hundred day moving average is $306.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The company has a market cap of $92.71 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.05 and a beta of 0.47.

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

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’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 transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of the firm’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 transaction, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. This trade represents a 24.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 193,110 shares of company stock valued at $60,778,364. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Robert W. Baird set a $390.00 target price on General Dynamics in a research note on Monday, October 27th. Vertical Research raised 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. Barclays increased their target price on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Susquehanna increased their target price on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $350.89.

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.