Wealth Enhancement Advisory Services LLC Has $44.13 Million Holdings in General Dynamics Co. (NYSE:GD)

Wealth Enhancement Advisory Services LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 152,106 shares of the aerospace company’s stock after acquiring an additional 4,370 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of General Dynamics worth $44,132,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of General Dynamics in the fourth quarter worth $728,284,000. Verity & Verity LLC purchased a new position in General Dynamics during the 1st quarter valued at about $179,000. 1832 Asset Management L.P. boosted its holdings in General Dynamics by 3,645.4% in the fourth quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock valued at $145,048,000 after acquiring an additional 543,672 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in General Dynamics by 879.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company’s stock worth $96,148,000 after buying an additional 305,624 shares in the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of General Dynamics in the 4th quarter valued at approximately $43,733,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at General Dynamics

In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the sale, the chief financial officer now owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Mark Lagrand Burns sold 12,089 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $296.59, for a total transaction of $3,585,476.51. Following the completion of the transaction, the vice president now directly owns 64,132 shares in the company, valued at approximately $19,020,909.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the sale, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

General Dynamics Trading Up 0.8 %

NYSE GD traded up $2.32 during mid-day trading on Wednesday, hitting $294.52. The company’s stock had a trading volume of 135,739 shares, compared to its average volume of 1,063,319. General Dynamics Co. has a 52-week low of $214.53 and a 52-week high of $302.75. The stock’s fifty day simple moving average is $291.02 and its two-hundred day simple moving average is $285.69. The firm has a market capitalization of $80.81 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.70 EPS. Research analysts expect that General Dynamics Co. will post 14.5 EPS for the current year.

General Dynamics Announces Dividend

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 given a $1.42 dividend. 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 (DPR) is 46.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GD shares. BTIG Research started coverage on General Dynamics in a research report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target for the company. Wells Fargo & Company increased their price target on shares of General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the company from $305.00 to $335.00 in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of General Dynamics in a report on Monday, July 29th. Finally, Argus boosted their target price on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $315.06.

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.