General Dynamics Co. (NYSE:GD) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its holdings in General Dynamics Co. (NYSE:GD) by 36.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 17,740 shares of the aerospace company’s stock after acquiring an additional 4,711 shares during the quarter. EP Wealth Advisors LLC’s holdings in General Dynamics were worth $5,147,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Gladstone Capital Management LLP acquired a new stake in General Dynamics during the 4th quarter worth approximately $3,869,000. SWP Financial LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth $227,000. Sanibel Captiva Trust Company Inc. purchased a new position in General Dynamics in the 4th quarter valued at $28,107,000. Evercore Wealth Management LLC increased its stake in General Dynamics by 1.5% in the 4th quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock valued at $1,391,000 after buying an additional 78 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after buying an additional 6,858 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s 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 sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $302.20 on Tuesday. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $309.97. 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 firm has a market capitalization of $82.91 billion, a PE ratio of 24.65, a P/E/G ratio of 1.68 and a beta of 0.61. The business has a 50-day moving average of $296.30 and a two-hundred day moving average of $292.43.

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 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 business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, research analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

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 given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is 46.33%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BTIG Research began coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 price target on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a report on Tuesday, July 2nd. Wells Fargo & Company lifted their price objective on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $318.41.

About General Dynamics

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.