Stratos Wealth Partners LTD. Acquires 1,585 Shares of General Dynamics Corporation $GD

Key Points

• Stratos Wealth Partners LTD. increased its stake in General Dynamics Corporation by 20.2%, acquiring an additional 1,585 shares during the second quarter.
• Institutional investors collectively own 86.14% of General Dynamics' stock, indicating strong institutional interest.
• General Dynamics recently reported $3.74 EPS, exceeding analysts' expectations, and set a FY 2025 guidance of 15.050-15.150 EPS.

Stratos Wealth Partners LTD. boosted its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 20.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC grew its holdings in General Dynamics by 2.0% during the 2nd quarter. Riverbend Wealth Management LLC now owns 1,912 shares of the aerospace company's stock valued at $558,000 after buying an additional 38 shares in the last quarter. Stratos Investment Management LLC grew its holdings in General Dynamics by 2.3% during the 2nd quarter. Stratos Investment Management LLC now owns 22,338 shares of the aerospace company's stock valued at $6,515,000 after buying an additional 507 shares in the last quarter. Commons Capital LLC grew its holdings in General Dynamics by 5.2% during the 2nd quarter. Commons Capital LLC now owns 3,182 shares of the aerospace company's stock valued at $928,000 after buying an additional 158 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in General Dynamics during the 2nd quarter valued at approximately $35,000. Finally, Activest Wealth Management grew its holdings in General Dynamics by 2,388.9% during the 2nd quarter. Activest Wealth Management now owns 224 shares of the aerospace company's stock valued at $65,000 after buying an additional 215 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Activity at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business's stock in a transaction on Friday, August 8th. The stock was 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 owned 45,192 shares in the company, valued at $14,244,518.40. The trade was a 42.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction on Monday, August 18th. The stock was 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 of the company's stock, valued at $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 over the last quarter. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on GD shares. Citigroup raised their price target on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Morgan Stanley raised their price target on General Dynamics from $328.00 to $360.00 and gave the company an "equal weight" rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $400.00 price target on shares of General Dynamics in a report on Wednesday, October 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of General Dynamics in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $327.44.

General Dynamics Price Performance

GD opened at $331.33 on Monday. The business has a fifty day moving average of $326.86 and a 200 day moving average of $299.26. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market cap of $89.12 billion, a P/E ratio of 22.24, a PEG ratio of 2.04 and a beta of 0.47.

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

General Dynamics Dividend Announcement

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

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.

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