General Dynamics Co. (NYSE:GD) Shares Sold by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC lessened its stake in shares of General Dynamics Co. (NYSE:GD) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,390 shares of the aerospace company’s stock after selling 45 shares during the quarter. Capstone Wealth Management Group LLC’s holdings in General Dynamics were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Redmont Wealth Advisors LLC acquired a new stake in General Dynamics in the 1st quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new position in General Dynamics during the fourth quarter worth $25,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics during the second quarter worth $29,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics in the first quarter valued at $29,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of General Dynamics in the 1st quarter valued at $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.9 %

GD opened at $307.56 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a one year low of $214.53 and a one year high of $309.97. The company has a market cap of $84.38 billion, a P/E ratio of 25.09, a PEG ratio of 1.64 and a beta of 0.61. The business’s 50-day simple moving average is $293.02 and its 200-day simple moving average is $290.34.

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 net margin of 7.89% and a return on equity of 16.74%. The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company earned $2.70 earnings per share. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, equities research analysts expect that General Dynamics Co. will post 14.52 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.85%. General Dynamics’s dividend payout ratio is currently 46.33%.

Wall Street Analyst Weigh In

GD has been the subject of a number of research analyst reports. Barclays raised their target price on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Robert W. Baird reissued an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a research note on Tuesday, July 2nd. Sanford C. Bernstein upped their target price on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of General Dynamics in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $315.06.

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.