Nicholas Hoffman & Company LLC. Purchases 332 Shares of General Dynamics Co. (NYSE:GD)

Nicholas Hoffman & Company LLC. lifted its stake in General Dynamics Co. (NYSE:GD) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,064 shares of the aerospace company’s stock after purchasing an additional 332 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in General Dynamics were worth $1,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in General Dynamics in the 1st quarter worth approximately $25,000. MFA Wealth Advisors LLC lifted its stake in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of General Dynamics in the first quarter worth about $29,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics during the 2nd quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics in the third quarter valued at $30,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Down 0.7 %

Shares of GD stock opened at $301.80 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a fifty-two week low of $237.35 and a fifty-two week high of $313.11. The firm has a market capitalization of $82.99 billion, a PE ratio of 24.62, a P/E/G ratio of 1.72 and a beta of 0.61. The stock’s 50-day simple moving average is $300.69 and its 200-day simple moving average is $294.95.

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

General Dynamics Dividend Announcement

The company 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 $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.33%.

Analyst Ratings Changes

GD has been the topic of a number of research reports. Susquehanna boosted their target price on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. 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. Citigroup boosted their target price on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $324.19.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.52% of the stock is currently owned by insiders.

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.