Hazlett Burt & Watson Inc. Purchases 81 Shares of General Dynamics Co. (NYSE:GD)

Hazlett Burt & Watson Inc. grew its position in shares of General Dynamics Co. (NYSE:GD) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,787 shares of the aerospace company’s stock after buying an additional 81 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in General Dynamics were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GD. MFA Wealth Advisors LLC lifted its position in General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of General Dynamics during the second quarter worth approximately $29,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics during the third quarter valued at approximately $30,000. 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, Atlantic Edge Private Wealth Management LLC increased its holdings in shares of General Dynamics by 120.0% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.4 %

General Dynamics stock traded up $1.17 during mid-day trading on Monday, hitting $294.16. 185,610 shares of the company’s stock were exchanged, compared to its average volume of 1,093,114. The company’s 50 day simple moving average is $300.83 and its 200-day simple moving average is $295.18. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $80.89 billion, a P/E ratio of 22.31, a PEG ratio of 1.75 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $238.31 and a fifty-two week high of $313.11.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 earnings per share. On average, equities analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is 43.26%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GD. Sanford C. Bernstein decreased their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Barclays raised their price target on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company raised their target price on shares of General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Susquehanna boosted their price target on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Insiders Place Their Bets

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.52% of the company’s stock.

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.