Financial Partners Group LLC Purchases 2,821 Shares of General Dynamics Co. (NYSE:GD)

Financial Partners Group LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 331.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,672 shares of the aerospace company’s stock after acquiring an additional 2,821 shares during the quarter. Financial Partners Group LLC’s holdings in General Dynamics were worth $1,110,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GD. Redmont Wealth Advisors LLC bought a new position in shares of General Dynamics during the first quarter valued at $25,000. MFA Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the first quarter worth approximately $29,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics during the second quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics during the third quarter valued at approximately $30,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GD shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $293.00 to $345.00 in a report on Friday, August 9th. Barclays boosted their price target on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, Susquehanna increased their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $323.88.

Insider Buying and Selling

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 value of $406,626.00. Following the sale, the director now owns 3,592 shares in the company, valued at $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 is available through the SEC website. 1.52% of the stock is owned by company insiders.

General Dynamics Stock Down 1.0 %

GD opened at $301.27 on Friday. The stock has a market cap of $82.66 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The firm’s fifty day moving average is $300.17 and its 200 day moving average is $294.55. General Dynamics Co. has a fifty-two week low of $236.58 and a fifty-two week high of $313.11.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. General Dynamics’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that General Dynamics Co. will post 14.38 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed 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. This represents a $5.68 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, October 11th. 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.