General Dynamics Corporation $GD Stock Holdings Trimmed by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC reduced its position in General Dynamics Corporation (NYSE:GD) by 40.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,015 shares of the aerospace company’s stock after selling 2,069 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in General Dynamics were worth $1,000,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Oxford Financial Group LTD. LLC grew its position in General Dynamics by 1.9% during the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock worth $505,000 after purchasing an additional 26 shares during the last quarter. Willner & Heller LLC raised its holdings in shares of General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after buying an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its stake in shares of General Dynamics by 0.8% during the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after buying an additional 28 shares during the period. Capital Advisors Inc. OK grew its holdings in shares of General Dynamics by 0.6% during the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after buying an additional 29 shares during the last quarter. Finally, Klingman & Associates LLC grew its holdings in shares of General Dynamics by 3.3% during the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after buying an additional 30 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of General Dynamics stock traded down $1.50 during trading on Friday, reaching $349.29. The company’s stock had a trading volume of 736,679 shares, compared to its average volume of 1,349,514. The business has a 50 day moving average price of $353.71 and a 200-day moving average price of $354.99. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The company has a market capitalization of $94.50 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 2.05 and a beta of 0.33. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Analyst Upgrades and Downgrades

GD has been the topic of several analyst reports. Robert W. Baird set a $430.00 target price on General Dynamics in a research note on Thursday, July 30th. Susquehanna lifted their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. UBS Group upped their price objective on shares of General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 8th. Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Citigroup lowered their target price on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $402.32.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Gilliland sold 43,180 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director owned 3,096 shares of the company’s stock, valued at approximately $1,071,370.80. The trade was a 70.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 102,188 shares of company stock worth $38,627,265. 1.40% of the stock is owned by company insiders.

General Dynamics 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.