Koshinski Asset Management Inc. Has $1.91 Million Holdings in General Dynamics Co. (NYSE:GD)

Koshinski Asset Management Inc. grew its stake in General Dynamics Co. (NYSE:GD) by 16.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,306 shares of the aerospace company’s stock after purchasing an additional 912 shares during the period. Koshinski Asset Management Inc.’s holdings in General Dynamics were worth $1,906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GD. Richardson Financial Services Inc. bought a new position in shares of General Dynamics during the 4th quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new position in General Dynamics during the first quarter worth about $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in General Dynamics during the first quarter valued at approximately $29,000. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $29,000. Finally, American Capital Advisory LLC acquired a new position in shares of General Dynamics in the 2nd quarter worth approximately $29,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. BTIG Research assumed coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target on the stock. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Wells Fargo & Company downgraded General Dynamics from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $334.00 to $317.00 in a report on Tuesday, October 1st. Finally, Citigroup increased their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $319.06.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.52% of the stock is owned by insiders.

General Dynamics Stock Up 1.1 %

General Dynamics stock opened at $299.44 on Monday. The firm has a market capitalization of $82.16 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.67 and a beta of 0.61. The company’s 50 day simple moving average is $297.70 and its 200 day simple moving average is $293.71. 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 Co. has a fifty-two week low of $232.29 and a fifty-two week high of $309.97.

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 the consensus estimate of $3.30 by ($0.04). The firm had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. General Dynamics’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the firm earned $2.70 EPS. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.38 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. Stockholders of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

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.