U.S. Capital Wealth Advisors LLC Acquires 1,460 Shares of General Dynamics Co. (NYSE:GD)

U.S. Capital Wealth Advisors LLC grew its stake in General Dynamics Co. (NYSE:GD) 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

GD has been the topic of a number of analyst reports. Susquehanna upped their target price on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. BTIG Research initiated coverage on General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 price objective for the company. Citigroup boosted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays increased their target price on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.18.

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) 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.