KPP Advisory Services LLC Acquires Shares of 707 General Dynamics Co. (NYSE:GD)

KPP Advisory Services LLC bought a new position in General Dynamics Co. (NYSE:GD) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 707 shares of the aerospace company’s stock, valued at approximately $205,000.

Several other large investors have also recently modified their holdings of the stock. Modera Wealth Management LLC lifted its stake in General Dynamics by 0.4% in the second quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock worth $2,356,000 after purchasing an additional 35 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of General Dynamics by 1.8% during the 2nd quarter. Rathbones Group PLC now owns 2,022 shares of the aerospace company’s stock worth $587,000 after acquiring an additional 35 shares during the last quarter. Legend Financial Advisors Inc. boosted its holdings in General Dynamics by 46.8% during the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 36 shares during the period. Diversified Trust Co grew its position in General Dynamics by 2.5% in the 1st quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock valued at $425,000 after acquiring an additional 36 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in General Dynamics by 1.1% in the first quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 37 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE:GD opened at $305.32 on Wednesday. The company has a fifty day moving average of $296.51 and a two-hundred day moving average of $292.64. General Dynamics Co. has a fifty-two week low of $214.53 and a fifty-two week high of $309.97. The stock has a market capitalization of $83.77 billion, a PE ratio of 24.90, a P/E/G ratio of 1.68 and a beta of 0.61. 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 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). The firm had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.70 EPS. As a group, research analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 annualized dividend and a dividend yield of 1.86%. General Dynamics’s dividend payout ratio is presently 46.33%.

Insider Buying and Selling at General Dynamics

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 in the company, valued at approximately $1,106,515.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of General Dynamics in a report on Thursday, July 25th. Wells Fargo & Company lowered shares of 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 report on Tuesday. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Barclays upped their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of General Dynamics in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.41.

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.