General Dynamics Co. (NYSE:GD) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC grew its holdings in General Dynamics Co. (NYSE:GD) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,133 shares of the aerospace company’s stock after purchasing an additional 58 shares during the period. Accurate Wealth Management LLC’s holdings in General Dynamics were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Alaska Permanent Fund Corp raised its position in General Dynamics by 38.0% in the first quarter. Alaska Permanent Fund Corp now owns 2,151 shares of the aerospace company’s stock valued at $608,000 after purchasing an additional 592 shares during the period. Banque Cantonale Vaudoise grew its stake in shares of General Dynamics by 1,053.8% in the first quarter. Banque Cantonale Vaudoise now owns 150 shares of the aerospace company’s stock valued at $42,000 after buying an additional 137 shares in the last quarter. Park Avenue Securities LLC lifted its stake in General Dynamics by 1.8% during the 1st quarter. Park Avenue Securities LLC now owns 8,421 shares of the aerospace company’s stock worth $2,379,000 after acquiring an additional 145 shares in the last quarter. RFG Advisory LLC lifted its stake in General Dynamics by 9.5% during the 1st quarter. RFG Advisory LLC now owns 7,240 shares of the aerospace company’s stock worth $2,045,000 after acquiring an additional 630 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its holdings in General Dynamics by 8.2% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,500 shares of the aerospace company’s stock valued at $423,000 after acquiring an additional 114 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GD. Susquehanna lifted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday. TD Cowen raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Citigroup increased their price target on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.18.

General Dynamics Stock Performance

NYSE GD opened at $308.42 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $299.34 and its two-hundred day moving average is $294.26. The stock has a market capitalization of $84.62 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a 12-month low of $232.29 and a 12-month high of $310.58.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share 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 business had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the company earned $2.70 EPS. The company’s revenue was up 18.0% on a year-over-year basis. Research analysts expect that General Dynamics Co. will post 14.38 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

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.