Apella Capital LLC Has $8.77 Million Holdings in General Dynamics Co. (NYSE:GD)

Apella Capital LLC grew its position in General Dynamics Co. (NYSE:GD) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,844 shares of the aerospace company’s stock after purchasing an additional 43 shares during the quarter. Apella Capital LLC’s holdings in General Dynamics were worth $8,766,000 as of its most recent SEC filing.

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

General Dynamics Price Performance

Shares of NYSE:GD opened at $299.61 on Friday. 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 52 week low of $214.53 and a 52 week high of $309.97. The firm has a market cap of $82.20 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The firm’s fifty day moving average is $297.07 and its 200-day moving average is $292.77.

General Dynamics (NYSE:GD) last issued its quarterly earnings results 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 net margin of 7.89% and a return on equity of 16.74%. The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the company posted $2.70 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Sell-side analysts predict that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently disclosed 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. 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%.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction 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 sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.52% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BTIG Research assumed coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They set a “buy” rating and a $345.00 price objective for the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a report on Tuesday, July 2nd. Wells Fargo & Company lowered General Dynamics from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $334.00 to $317.00 in a research note on Tuesday. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $317.06.

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.