U.S. Capital Wealth Advisors LLC grew its stake in General Dynamics Co. (NYSE:GD – Free Report) by 4.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 38,102 shares of the aerospace company’s stock after buying an additional 1,460 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in General Dynamics were worth $11,514,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Kingsview Wealth Management LLC grew its holdings in General Dynamics by 87.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock valued at $4,150,000 after buying an additional 6,858 shares during the last quarter. Clearbridge Investments LLC acquired a new position in General Dynamics during the 1st quarter valued at $493,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of General Dynamics by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 147,736 shares of the aerospace company’s stock valued at $41,734,000 after buying an additional 3,531 shares during the period. Cetera Investment Advisers grew its holdings in shares of General Dynamics by 291.4% during the 1st quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after purchasing an additional 71,871 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in General Dynamics during the third quarter worth $3,022,000. Institutional investors own 86.14% of the company’s stock.
Insider Activity
In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction on Monday, September 16th. The shares were 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 approximately $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.52% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on General Dynamics
General Dynamics Trading Down 1.3 %
GD stock traded down $3.94 during midday trading on Wednesday, reaching $302.05. The company’s stock had a trading volume of 555,694 shares, compared to its average volume of 1,088,419. The business’s 50-day simple moving average is $299.96 and its 200-day simple moving average is $294.48. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 52 week low of $232.29 and a 52 week high of $312.47. The stock has a market cap of $82.87 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, sell-side analysts expect that General Dynamics Co. will post 14.38 EPS for the current year.
General Dynamics Announces Dividend
The business 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 dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. General Dynamics’s payout ratio is currently 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.
Recommended Stories
- Five stocks we like better than General Dynamics
- Market Cap Calculator: How to Calculate Market Cap
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- How to Invest in Biotech Stocks
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Why Invest in 5G? How to Invest in 5G Stocks
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD – Free Report).
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.