Stratos Wealth Advisors LLC Has $351,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Stratos Wealth Advisors LLC trimmed its stake in shares of General Dynamics Co. (NYSE:GD) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,161 shares of the aerospace company’s stock after selling 159 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in General Dynamics were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Banque Cantonale Vaudoise boosted its position in General Dynamics by 1,053.8% in the first quarter. Banque Cantonale Vaudoise now owns 150 shares of the aerospace company’s stock valued at $42,000 after buying an additional 137 shares in the last quarter. First Financial Corp IN boosted its holdings in shares of General Dynamics by 29.2% in the 1st quarter. First Financial Corp IN now owns 921 shares of the aerospace company’s stock worth $260,000 after acquiring an additional 208 shares in the last quarter. West Paces Advisors Inc. grew its position in General Dynamics by 52.7% during the 1st quarter. West Paces Advisors Inc. now owns 200 shares of the aerospace company’s stock worth $56,000 after acquiring an additional 69 shares during the last quarter. Brookstone Capital Management raised its position in General Dynamics by 3.1% in the 1st quarter. Brookstone Capital Management now owns 21,368 shares of the aerospace company’s stock valued at $6,036,000 after purchasing an additional 651 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC acquired a new position in General Dynamics in the first quarter worth $221,000. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 0.7 %

GD opened at $305.92 on Wednesday. General Dynamics Co. has a twelve month low of $232.29 and a twelve month high of $310.85. The firm has a market cap of $83.93 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.67 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. The firm’s fifty day moving average is $299.96 and its two-hundred day moving average is $294.48.

General Dynamics (NYSE:GD) last posted its earnings results 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). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 earnings per share. Equities research analysts anticipate that General Dynamics Co. will post 14.38 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.86%. General Dynamics’s payout ratio is 46.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GD. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a research note on Thursday, July 25th. Susquehanna boosted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Finally, Citigroup increased their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $320.18.

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.