Duncan Williams Asset Management LLC Acquires Shares of 800 General Dynamics Co. (NYSE:GD)

Duncan Williams Asset Management LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 800 shares of the aerospace company’s stock, valued at approximately $242,000.

Other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in General Dynamics during the 4th quarter worth $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of General Dynamics in the 1st quarter valued at about $29,000. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the 1st quarter valued at about $29,000. Finally, American Capital Advisory LLC bought a new stake in shares of General Dynamics in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GD. Barclays upped their price target on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their target price on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a research report on Thursday. Wells Fargo & Company lowered General Dynamics from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $334.00 to $317.00 in a research report on Tuesday. BTIG Research assumed coverage on General Dynamics in a research report on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price on the stock. Finally, Robert W. Baird restated an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $317.06.

General Dynamics Trading Down 1.4 %

Shares of GD stock 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. General Dynamics Co. has a 52-week low of $214.53 and a 52-week high of $309.97. The company has a market capitalization of $82.20 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The business’s fifty day moving average is $297.07 and its 200 day moving average is $292.77.

General Dynamics (NYSE:GD) last issued 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 return on equity of 16.74% and a net margin of 7.89%. The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the business posted $2.70 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities research analysts anticipate that General Dynamics Co. will post 14.52 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given 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 1.90%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now 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 available at the SEC website. Company insiders own 1.52% of the company’s stock.

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.