Martin Investment Management LLC Buys 460 Shares of General Dynamics Co. (NYSE:GD)

Martin Investment Management LLC boosted its position in shares of General Dynamics Co. (NYSE:GD) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,462 shares of the aerospace company’s stock after buying an additional 460 shares during the period. General Dynamics makes up about 2.0% of Martin Investment Management LLC’s portfolio, making the stock its 17th biggest holding. Martin Investment Management LLC’s holdings in General Dynamics were worth $8,299,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the 1st quarter worth about $29,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics during the 2nd quarter valued at about $29,000. Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter valued at about $30,000. Finally, Beacon Capital Management LLC grew its position in General Dynamics by 1,144.4% in the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.2 %

NYSE:GD opened at $293.60 on Tuesday. The company’s 50 day moving average is $300.88 and its two-hundred day moving average is $295.23. The company has a market cap of $80.73 billion, a PE ratio of 22.36, a P/E/G ratio of 1.75 and a beta of 0.61. General Dynamics Co. has a twelve month low of $238.31 and a twelve month high of $313.11. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

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

General Dynamics Dividend Announcement

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 given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 43.26%.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at $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 available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GD shares. Wells Fargo & Company raised their price objective on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein dropped their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup increased their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $323.69.

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.