EP Wealth Advisors LLC Buys 511 Shares of General Dynamics Co. (NYSE:GD)

EP Wealth Advisors LLC boosted its stake in shares of General Dynamics Co. (NYSE:GDFree Report) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,251 shares of the aerospace company’s stock after buying an additional 511 shares during the quarter. EP Wealth Advisors LLC’s holdings in General Dynamics were worth $5,516,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GD. Czech National Bank grew its position in shares of General Dynamics by 8.5% during the 2nd quarter. Czech National Bank now owns 43,324 shares of the aerospace company’s stock worth $12,570,000 after buying an additional 3,377 shares in the last quarter. RFG Advisory LLC increased its position in General Dynamics by 2.7% during the 2nd quarter. RFG Advisory LLC now owns 7,436 shares of the aerospace company’s stock valued at $2,157,000 after purchasing an additional 196 shares during the period. Andrew Hill Investment Advisors Inc. bought a new stake in shares of General Dynamics in the 2nd quarter valued at about $3,292,000. Financial Partners Group LLC purchased a new stake in shares of General Dynamics in the 2nd quarter worth approximately $247,000. Finally, Walter & Keenan Wealth Management LLC IN ADV boosted its stake in shares of General Dynamics by 2.4% during the second quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,380 shares of the aerospace company’s stock valued at $1,851,000 after purchasing an additional 147 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Down 1.2 %

General Dynamics stock opened at $271.80 on Friday. The stock has a 50-day moving average price of $295.43 and a 200 day moving average price of $294.82. The company has a market capitalization of $74.74 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.71 and a beta of 0.59. General Dynamics Co. has a 52 week low of $247.36 and a 52 week high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GDGet Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS 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 business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts anticipate that General Dynamics Co. will post 13.87 EPS for the current year.

General Dynamics declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a $1.42 dividend. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.09%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

Insider Transactions at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter A. Wall sold 1,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Citigroup raised their price target on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Barclays boosted their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

View Our Latest Report on GD

About General Dynamics

(Free Report)

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.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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