Frank Rimerman Advisors LLC Sells 73 Shares of General Dynamics Co. (NYSE:GD)

Frank Rimerman Advisors LLC lowered its stake in shares of General Dynamics Co. (NYSE:GD) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,838 shares of the aerospace company’s stock after selling 73 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in General Dynamics were worth $555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MFA Wealth Advisors LLC increased its position in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 58 shares during the period. Redmont Wealth Advisors LLC bought a new position in General Dynamics during the first quarter worth $25,000. American Capital Advisory LLC bought a new position in General Dynamics during the second quarter worth $29,000. Lowe Wealth Advisors LLC bought a new position in General Dynamics during the third quarter worth $30,000. Finally, New Covenant Trust Company N.A. acquired a new stake in General Dynamics during the first quarter worth $29,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent research reports. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday. Barclays increased their price objective 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. Susquehanna increased their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $323.88.

General Dynamics Trading Up 0.4 %

GD opened at $302.52 on Monday. 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 stock has a market capitalization of $83.13 billion, a PE ratio of 23.60, a PEG ratio of 1.72 and a beta of 0.61. General Dynamics Co. has a 1-year low of $236.58 and a 1-year high of $313.11. The firm has a 50-day moving average price of $300.40 and a two-hundred day moving average price of $294.74.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 EPS. As a group, equities analysts anticipate that General Dynamics Co. will post 14.27 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 1.88%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is presently 44.31%.

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.