General Dynamics Co. (NYSE:GD) Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. lowered its position in General Dynamics Co. (NYSE:GD) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,489 shares of the aerospace company’s stock after selling 299 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in General Dynamics were worth $1,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. Richardson Financial Services Inc. purchased a new stake in General Dynamics in the fourth quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new position in General Dynamics during the 1st quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in General Dynamics in the first quarter valued at approximately $29,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics in the first quarter valued at approximately $29,000. Finally, American Capital Advisory LLC purchased a new position in shares of General Dynamics during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GD shares. Robert W. Baird reiterated an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Sanford C. Bernstein upped their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, Wells Fargo & Company upped their price objective on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $315.06.

General Dynamics Price Performance

NYSE:GD opened at $304.80 on Monday. The firm has a market cap of $83.63 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a 12-month low of $214.53 and a 12-month high of $306.51. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average is $292.48 and its two-hundred day moving average is $290.09.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.70 earnings per share. Research analysts expect that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.33%.

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.