General Dynamics Co. (NYSE:GD) Shares Acquired by Alaethes Wealth LLC

Alaethes Wealth LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 2.0% in the second quarter, HoldingsChannel.com reports. The firm owned 5,488 shares of the aerospace company’s stock after acquiring an additional 107 shares during the period. Alaethes Wealth LLC’s holdings in General Dynamics were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GD shares. Barclays increased their price target on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research note on Tuesday, July 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of General Dynamics in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Finally, BTIG Research initiated coverage on shares of General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price on the stock. Six investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.06.

General Dynamics Stock Up 0.7 %

Shares of GD opened at $306.87 on Friday. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $309.97. The firm has a market capitalization of $84.19 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.64 and a beta of 0.61. The company has a 50-day simple moving average of $294.79 and a 200-day simple moving average of $290.97. 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 (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 the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the business posted $2.70 EPS. General Dynamics’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities research analysts expect that General Dynamics Co. will post 14.52 earnings per share for the current 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 given a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.85%. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Insider Activity

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s 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 owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.52% of the company’s stock.

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.