Investment Research & Advisory Group Inc. Has $2.91 Million Holdings in General Dynamics Co. (NYSE:GD)

Investment Research & Advisory Group Inc. raised its stake in General Dynamics Co. (NYSE:GD) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,633 shares of the aerospace company’s stock after buying an additional 258 shares during the quarter. General Dynamics accounts for about 1.2% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 25th largest position. Investment Research & Advisory Group Inc.’s holdings in General Dynamics were worth $2,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its position in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of General Dynamics in the first quarter worth about $25,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the second quarter worth about $29,000. Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics during the 3rd quarter valued at about $30,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics in the 1st quarter valued at approximately $29,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

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

General Dynamics Stock Performance

Shares of NYSE:GD opened at $301.27 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 12-month low of $236.58 and a 12-month high of $313.11. The company’s 50 day moving average price is $300.17 and its two-hundred day moving average price is $294.55. The firm has a market cap of $82.66 billion, a PE ratio of 24.57, a PEG ratio of 1.67 and a beta of 0.61.

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

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.33%.

Analysts Set New Price Targets

A number of research analysts have weighed in on GD shares. Citigroup lifted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Susquehanna lifted their price target on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price objective on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Robert W. Baird reissued an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.88.

About General Dynamics

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.