756 Shares in General Dynamics Co. (NYSE:GD) Acquired by Greystone Financial Group LLC

Greystone Financial Group LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 756 shares of the aerospace company’s stock, valued at approximately $228,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise raised its position in General Dynamics by 1,053.8% in the first quarter. Banque Cantonale Vaudoise now owns 150 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 137 shares during the period. Brookstone Capital Management raised its position in General Dynamics by 3.1% in the first quarter. Brookstone Capital Management now owns 21,368 shares of the aerospace company’s stock valued at $6,036,000 after purchasing an additional 651 shares during the period. Key Client Fiduciary Advisors LLC purchased a new stake in General Dynamics in the first quarter valued at $221,000. Aspiriant LLC raised its position in General Dynamics by 6.2% in the first quarter. Aspiriant LLC now owns 4,969 shares of the aerospace company’s stock valued at $1,404,000 after purchasing an additional 288 shares during the period. Finally, Revolve Wealth Partners LLC raised its position in General Dynamics by 5.7% in the first quarter. Revolve Wealth Partners LLC now owns 878 shares of the aerospace company’s stock valued at $248,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.5 %

Shares of NYSE GD opened at $304.40 on Thursday. The company has a market capitalization of $83.52 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The business has a 50-day moving average of $300.17 and a two-hundred day moving average of $294.55. General Dynamics Co. has a 1 year low of $232.29 and a 1 year high of $313.11.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. On average, analysts forecast that General Dynamics Co. will post 14.38 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is currently 46.33%.

Insider Activity

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of a number of research analyst reports. Wells Fargo & Company downgraded General Dynamics from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $334.00 to $317.00 in a research report on Tuesday, October 1st. TD Cowen raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna lifted their price objective on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $320.18.

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.