General Dynamics Corporation $GD Stock: Provenance Wealth Advisors LLC Grows Position

Key Points

• Provenance Wealth Advisors sharply increased its General Dynamics stake by 5,098.4% in the third quarter, to 3,275 shares valued at about $1.09 million.
• General Dynamics reported quarterly EPS of $4.49, beating estimates of $4.12, while revenue rose 12.9% year over year to $14.57 billion.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $408.94; the stock was reported down 2.5%.

Provenance Wealth Advisors LLC boosted its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 5,098.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,275 shares of the aerospace company's stock after buying an additional 3,212 shares during the period. Provenance Wealth Advisors LLC's holdings in General Dynamics were worth $1,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. BlackRock Inc. acquired a new stake in shares of General Dynamics in the second quarter worth approximately $6,840,590,000. State Street Corp grew its holdings in General Dynamics by 3.3% in the second quarter. State Street Corp now owns 11,811,099 shares of the aerospace company's stock valued at $4,183,964,000 after purchasing an additional 374,682 shares during the period. Bank of America Corp DE acquired a new position in General Dynamics during the second quarter worth approximately $2,603,527,000. Corient Private Wealth LP increased its position in General Dynamics by 806.3% during the second quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company's stock worth $588,641,000 after purchasing an additional 1,478,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in General Dynamics by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,579,959 shares of the aerospace company's stock worth $542,274,000 after purchasing an additional 28,249 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Activity

In other news, Director Robert K. Steel sold 7,440 shares of the firm's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the transaction, the director owned 3,096 shares of the company's stock, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price target on shares of General Dynamics from $365.00 to $386.00 and gave the stock a "market perform" rating in a research note on Tuesday. Wall Street Zen cut shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Royal Bank Of Canada upped their price objective on General Dynamics from $360.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday. Weiss Ratings restated a "buy (b)" rating on shares of General Dynamics in a report on Monday, September 28th. Finally, Wells Fargo & Company increased their target price on General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $408.94.

General Dynamics Stock Down 2.5%

GD opened at $365.13 on Thursday. The firm has a 50 day moving average price of $350.79 and a 200 day moving average price of $355.13. The company has a market cap of $98.66 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.43.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.37. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The firm had revenue of $14.57 billion for the quarter, compared to analysts' expectations of $13.72 billion. During the same period in the previous year, the company posted $3.88 earnings per share. General Dynamics's revenue was up 12.9% compared to the same quarter last year. Sell-side analysts expect that General Dynamics Corporation will post 17.29 earnings per share for the current year.

More General Dynamics News

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Zacks upgraded GD to Rank #2 (Buy), citing improving earnings prospects—a potentially supportive signal for near-term sentiment. Zacks upgrade article
• Positive Sentiment: General Dynamics raised its FY 2026 outlook to EPS of $17.20–$17.30 and revenue of $56.5–$56.8 billion, above the cited consensus estimates of $17.00 and $55.9 billion, respectively. Guidance report
• Positive Sentiment: Analyst coverage was broadly constructive: Citigroup reportedly expects the stock to rise, RBC raised its price target, and Morgan Stanley lifted its target to $480 with an Overweight rating. Morgan Stanley cited Marine Systems productivity gains and a Gulfstream delivery ramp as growth supports. Morgan Stanley analysis
• Neutral Sentiment: Coverage highlighted GD’s sizable backlog as a source of potential long-term demand, while also flagging execution risks. The supplied article details do not specify the risks. Backlog analysis
• Neutral Sentiment: A comparison of General Dynamics and GE Aerospace against their sector was published, but the summary provided does not include performance figures or a clear implication for GD. Sector comparison
• Negative Sentiment: The execution concerns mentioned in backlog coverage could weigh on investor sentiment if delivery or program performance falls short, though no specific issue was provided.

General Dynamics Company Profile

General Dynamics Corporation NYSE: GD is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.

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