Capital Market Strategies LLC Acquires 69 Shares of General Dynamics Co. (NYSE:GD)

Capital Market Strategies LLC grew its holdings in General Dynamics Co. (NYSE:GD) by 5.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,369 shares of the aerospace company’s stock after buying an additional 69 shares during the quarter. Capital Market Strategies LLC’s holdings in General Dynamics were worth $414,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Gladstone Capital Management LLP bought a new position in shares of General Dynamics during the 4th quarter worth approximately $3,869,000. SWP Financial LLC acquired a new position in General Dynamics during the 4th quarter valued at approximately $227,000. Sanibel Captiva Trust Company Inc. acquired a new position in General Dynamics during the 4th quarter valued at approximately $28,107,000. Evercore Wealth Management LLC increased its stake in General Dynamics by 1.5% during the 4th quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock valued at $1,391,000 after purchasing an additional 78 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake 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 valued at $4,150,000 after purchasing an additional 6,858 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated 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 directly owns 3,592 shares in the company, valued at $1,106,515.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered shares of General Dynamics from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $334.00 to $317.00 in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a report on Thursday, July 25th. 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.06.

General Dynamics Stock Performance

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. The company has a fifty day moving average of $297.07 and a two-hundred day moving average of $292.77. The stock has a market capitalization of $82.20 billion, a PE ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $214.53 and a fifty-two week high of $309.97.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 company had revenue of $11.98 billion for the quarter, compared to analyst estimates 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 was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.70 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis 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 46.33%.

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.