Wealth Enhancement Advisory Services LLC Has $53.39 Million Stock Position in General Dynamics Corporation $GD

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in General Dynamics by 5.1%, owning approximately 0.07% of the company worth $53.39 million.
• General Dynamics reported a strong quarterly earnings result of $3.74 EPS, surpassing estimates and an 8.9% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $1.50 per share, with an annualized yield of 1.8%, set to be paid on November 14th to stockholders of record on October 10th.

Wealth Enhancement Advisory Services LLC lifted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,142 shares of the aerospace company's stock after buying an additional 8,781 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of General Dynamics worth $53,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Retirement Guys Formula LLC acquired a new stake in General Dynamics during the first quarter valued at approximately $1,692,000. Advisory Resource Group boosted its stake in General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock valued at $5,234,000 after purchasing an additional 1,276 shares in the last quarter. Mission Wealth Management LP boosted its stake in General Dynamics by 18.9% during the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock valued at $4,401,000 after purchasing an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its stake in General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock valued at $9,171,000 after purchasing an additional 8,073 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in General Dynamics by 11.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock valued at $4,504,000 after purchasing an additional 1,704 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics 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 transaction of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares in the company, 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 at the SEC website. Also, VP William A. Moss sold 17,700 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 in the last quarter. Corporate insiders own 1.50% of the company's stock.

General Dynamics Stock Down 0.1%

Shares of NYSE:GD traded down $0.47 during midday trading on Friday, hitting $324.10. 2,654,532 shares of the stock were exchanged, compared to its average volume of 826,872. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.18. The business's fifty day simple moving average is $316.37 and its two-hundred day simple moving average is $289.49. The company has a market capitalization of $87.18 billion, a PE ratio of 21.75, a P/E/G ratio of 1.99 and a beta of 0.50.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the company earned $3.26 earnings per share. General Dynamics's quarterly 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, research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company 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. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of research reports. Susquehanna increased their price target on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. TD Cowen raised their price objective on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the stock a "hold" rating in a research note on Wednesday, July 9th. UBS Group raised their price objective on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Robert W. Baird raised their price objective on General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of "Hold" and an average target price of $315.78.

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.