Good Life Advisors LLC Buys 4,995 Shares of General Dynamics Co. (NYSE:GD)

Good Life Advisors LLC boosted its stake in General Dynamics Co. (NYSE:GD) by 114.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,372 shares of the aerospace company’s stock after acquiring an additional 4,995 shares during the period. Good Life Advisors LLC’s holdings in General Dynamics were worth $2,831,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GD. Kingsview Wealth Management LLC raised its stake 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 acquiring an additional 6,858 shares during the period. Clearbridge Investments LLC purchased a new stake in shares of General Dynamics during the 1st quarter valued at approximately $493,000. Wealth Enhancement Advisory Services LLC boosted its holdings in General Dynamics by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 147,736 shares of the aerospace company’s stock worth $41,734,000 after buying an additional 3,531 shares during the period. Cetera Investment Advisers grew its stake in General Dynamics by 291.4% in the 1st quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock valued at $27,271,000 after buying an additional 71,871 shares in the last quarter. Finally, Peak Financial Advisors LLC bought a new stake in General Dynamics during the 3rd quarter valued at $3,022,000. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business’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 transaction, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GD shares. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Citigroup lifted their target price on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 price objective on shares of General Dynamics in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company cut shares of General Dynamics from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $334.00 to $317.00 in a research note on Tuesday, October 1st. Seven 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. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $320.18.

General Dynamics Trading Up 0.6 %

NYSE GD traded up $1.92 during trading on Thursday, hitting $306.79. 223,835 shares of the company’s stock traded hands, compared to its average volume of 1,086,283. The stock has a fifty day moving average of $298.68 and a two-hundred day moving average of $294.04. General Dynamics Co. has a 12-month low of $232.29 and a 12-month high of $309.97. The firm has a market cap of $84.17 billion, a P/E ratio of 25.00, a PEG ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) 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 for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the business earned $2.70 earnings per share. General Dynamics’s revenue was up 18.0% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given 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 1.85%. General Dynamics’s payout ratio is currently 46.33%.

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.