General Dynamics Co. (NYSE:GD) Shares Bought by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton boosted its position in General Dynamics Co. (NYSE:GD) by 11.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 691 shares of the aerospace company’s stock after buying an additional 69 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in General Dynamics were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 buying an additional 36 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in General Dynamics by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 615,575 shares of the aerospace company’s stock worth $173,894,000 after purchasing an additional 3,370 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in General Dynamics by 16.8% during the 1st quarter. Cornerstone Wealth Management LLC now owns 5,393 shares of the aerospace company’s stock valued at $1,524,000 after purchasing an additional 777 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of General Dynamics by 20.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 7,798 shares of the aerospace company’s stock valued at $2,203,000 after purchasing an additional 1,325 shares during the period. Finally, FORVIS Wealth Advisors LLC raised its stake in shares of General Dynamics by 9.0% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 1,904 shares of the aerospace company’s stock worth $538,000 after buying an additional 157 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GD shares. Deutsche Bank Aktiengesellschaft lowered their target price on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Sanford C. Bernstein lowered their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company raised their target price on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. 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, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $324.19.

General Dynamics Stock Down 1.4 %

NYSE GD traded down $4.34 during trading on Thursday, hitting $297.03. 240,118 shares of the company traded hands, compared to its average volume of 1,089,232. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $81.67 billion, a P/E ratio of 24.58, a PEG ratio of 1.72 and a beta of 0.61. The business has a fifty day simple moving average of $300.83 and a 200 day simple moving average of $295.00. General Dynamics Co. has a 12 month low of $237.50 and a 12 month high of $313.11.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $3.04 EPS. As a group, sell-side analysts predict that General Dynamics Co. will post 14.27 EPS for the current year.

General Dynamics Dividend Announcement

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 is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.91%. General Dynamics’s payout ratio is 46.33%.

Insider Transactions at General Dynamics

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 completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.