General Dynamics Co. (NYSE:GD) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. raised its stake in General Dynamics Co. (NYSE:GD) by 1.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,988 shares of the aerospace company’s stock after purchasing an additional 209 shares during the period. Whittier Trust Co.’s holdings in General Dynamics were worth $3,320,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Redmont Wealth Advisors LLC acquired a new position in General Dynamics in the first quarter valued at approximately $25,000. American Capital Advisory LLC acquired a new stake in General Dynamics in the second quarter worth $29,000. Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics during the third quarter valued at $30,000. New Covenant Trust Company N.A. bought a new position in shares of General Dynamics during the first quarter worth about $29,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its position in General Dynamics by 120.0% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GD shares. Wells Fargo & Company lowered shares of General Dynamics from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $334.00 to $317.00 in a research note on Tuesday, October 1st. Barclays boosted their price target on General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. BTIG Research began coverage on General Dynamics in a report on Wednesday, June 26th. They set a “buy” rating and a $345.00 price target on the stock. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $320.18.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Stock Down 0.7 %

GD stock opened at $305.92 on Wednesday. The company has a 50 day moving average of $299.96 and a two-hundred day moving average of $294.48. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 12-month low of $232.29 and a 12-month high of $310.85. The company has a market cap of $83.93 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.67 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. 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% on a year-over-year basis. On average, equities analysts anticipate that General Dynamics Co. will post 14.38 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be paid 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 1.86%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

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.