Hoxton Planning & Management LLC Buys 120 Shares of General Dynamics Co. (NYSE:GD)

Hoxton Planning & Management LLC boosted its position in General Dynamics Co. (NYSE:GD) by 9.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,383 shares of the aerospace company’s stock after acquiring an additional 120 shares during the period. Hoxton Planning & Management LLC’s holdings in General Dynamics were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in shares of General Dynamics during the fourth quarter valued at about $25,000. Redmont Wealth Advisors LLC purchased a new stake in General Dynamics in the first quarter worth about $25,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in General Dynamics in the first quarter worth about $29,000. New Covenant Trust Company N.A. purchased a new stake in shares of General Dynamics during the first quarter valued at approximately $29,000. Finally, American Capital Advisory LLC purchased a new stake in shares of General Dynamics during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

General Dynamics stock opened at $296.90 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The company’s 50-day moving average is $297.43 and its 200 day moving average is $293.21. General Dynamics Co. has a 1-year low of $228.50 and a 1-year high of $309.97. The firm has a market capitalization of $81.46 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its earnings results 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). The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 EPS. Research analysts forecast that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Announces Dividend

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. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.91%. General Dynamics’s dividend payout ratio is presently 46.33%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GD shares. Barclays raised their target price on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a report 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 upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company downgraded shares of General Dynamics from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $334.00 to $317.00 in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.