Accel Wealth Management Buys 256 Shares of General Dynamics Co. (NYSE:GD)

Accel Wealth Management increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 19.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,577 shares of the aerospace company’s stock after buying an additional 256 shares during the quarter. Accel Wealth Management’s holdings in General Dynamics were worth $445,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GD. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $25,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at about $25,000. Richardson Financial Services Inc. acquired a new stake in shares of General Dynamics in the 4th quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $29,000. Finally, Legend Financial Advisors Inc. raised its stake in shares of General Dynamics by 46.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 0.3 %

GD traded down $0.93 during trading on Thursday, reaching $284.88. 656,719 shares of the stock traded hands, compared to its average volume of 976,308. The stock has a market capitalization of $78.16 billion, a PE ratio of 23.24, a P/E/G ratio of 1.63 and a beta of 0.60. The stock’s 50-day moving average is $294.14 and its 200 day moving average is $278.60. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12 month low of $211.94 and a 12 month high of $302.75.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $2.64 EPS. Equities analysts anticipate that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.99%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the transaction, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,486 shares of company stock worth $34,391,642. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and lifted their price target for the stock from $305.00 to $335.00 in a report on Monday, April 29th. Sanford C. Bernstein boosted their price objective on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Susquehanna boosted their price objective on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Wells Fargo & Company boosted their price objective on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Barclays boosted their price objective on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.56.

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.