Wedbush Securities Inc. Purchases 951 Shares of General Dynamics Corporation $GD

Wedbush Securities Inc. lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,896 shares of the aerospace company’s stock after acquiring an additional 951 shares during the period. Wedbush Securities Inc.’s holdings in General Dynamics were worth $5,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares during the last quarter. Axxcess Wealth Management LLC raised its position in General Dynamics by 2.1% in the 1st quarter. Axxcess Wealth Management LLC now owns 6,836 shares of the aerospace company’s stock worth $1,863,000 after buying an additional 138 shares during the last quarter. Alps Advisors Inc. lifted its stake in General Dynamics by 1.0% during the 1st quarter. Alps Advisors Inc. now owns 8,944 shares of the aerospace company’s stock valued at $2,438,000 after acquiring an additional 90 shares during the period. Cerity Partners LLC boosted its holdings in shares of General Dynamics by 3.1% during the 1st quarter. Cerity Partners LLC now owns 61,304 shares of the aerospace company’s stock valued at $16,710,000 after acquiring an additional 1,834 shares during the last quarter. Finally, Processus Wealth & Capital Management LLC grew its stake in shares of General Dynamics by 2.1% in the first quarter. Processus Wealth & Capital Management LLC now owns 6,769 shares of the aerospace company’s stock worth $1,845,000 after acquiring an additional 142 shares during the period. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GD has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Citigroup raised their price target on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Robert W. Baird set a $390.00 price objective on General Dynamics in a report on Monday, October 27th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

General Dynamics Stock Performance

NYSE:GD opened at $346.58 on Friday. The stock has a 50-day moving average price of $334.45 and a 200 day moving average price of $306.90. The stock has a market capitalization of $93.62 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

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

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics 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 completion of the sale, 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 159,370 shares of company stock valued at $50,143,516. Insiders own 1.50% of the company’s stock.

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.