Accurate Wealth Management LLC Buys 58 Shares of General Dynamics Co. (NYSE:GD)

Accurate Wealth Management LLC boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,133 shares of the aerospace company’s stock after purchasing an additional 58 shares during the quarter. Accurate Wealth Management LLC’s holdings in General Dynamics were worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. 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. acquired a new stake in General Dynamics in the first quarter valued at approximately $29,000. New Covenant Trust Company N.A. purchased a new position in General Dynamics in the first quarter worth $29,000. American Capital Advisory LLC acquired a new position in shares of General Dynamics during the second quarter worth $29,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of General Dynamics during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction dated 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 in the company, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GD. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company cut shares of General Dynamics from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $334.00 to $317.00 in a report on Tuesday, October 1st. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, BTIG Research assumed coverage on General Dynamics in a research note on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $320.18.

General Dynamics Stock Up 0.1 %

Shares of GD opened at $308.42 on Friday. 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 firm has a market cap of $84.62 billion, a P/E ratio of 25.16, a PEG ratio of 1.67 and a beta of 0.61. The stock’s 50 day moving average is $299.34 and its two-hundred day moving average is $294.26. General Dynamics Co. has a 12 month low of $232.29 and a 12 month high of $310.58.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. General Dynamics’s revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 EPS. Analysts predict that General Dynamics Co. will post 14.38 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued 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 yield of 1.84%. General Dynamics’s payout ratio is currently 46.33%.

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.