CreativeOne Wealth LLC Purchases 3,389 Shares of General Dynamics Co. (NYSE:GD)

CreativeOne Wealth LLC raised its position in General Dynamics Co. (NYSE:GD) by 255.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,718 shares of the aerospace company’s stock after buying an additional 3,389 shares during the quarter. CreativeOne Wealth LLC’s holdings in General Dynamics were worth $1,333,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of General Dynamics during the 1st quarter valued at $25,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of General Dynamics during the 4th quarter valued at $25,000. Richardson Financial Services Inc. acquired a new position in shares of General Dynamics during the 4th quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. acquired a new position in General Dynamics during the first quarter worth $29,000. Finally, Legend Financial Advisors Inc. raised its holdings in General Dynamics by 46.8% during the first quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after buying an additional 36 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on GD shares. Argus upped their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and upped their price objective for the stock from $305.00 to $335.00 in a report on Monday, April 29th. Morgan Stanley upped their price objective on shares of General Dynamics from $271.00 to $293.00 and gave the stock an “equal weight” rating in a report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a report on Thursday. Finally, Susquehanna upped their target price on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $311.33.

General Dynamics Stock Performance

GD traded up $0.14 during trading on Friday, hitting $291.12. 608,889 shares of the company traded hands, compared to its average volume of 1,069,174. The firm has a market cap of $79.87 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.63 and a beta of 0.60. The stock’s fifty day moving average is $292.82 and its 200 day moving average is $281.91. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a one year low of $214.53 and a one year high of $302.75.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts predict that General Dynamics Co. will post 14.54 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.95%. General Dynamics’s payout ratio is presently 46.33%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon Rudy F. De sold 2,570 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the sale, the director now owns 5,518 shares of the company’s stock, valued at $1,589,184. The disclosure for this sale can be found here. Insiders sold a total of 68,636 shares of company stock worth $20,209,317 over the last three months. 1.52% of the stock is owned by insiders.

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.