General Dynamics Co. (NYSE:GD) Stock Holdings Raised by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC grew its stake in General Dynamics Co. (NYSE:GD) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,102 shares of the aerospace company’s stock after purchasing 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 filing with the SEC.

Several other large investors have also modified their holdings of GD. Redmont Wealth Advisors LLC bought a new position in General Dynamics during the 1st quarter worth approximately $25,000. New Covenant Trust Company N.A. bought a new stake in General Dynamics during the first quarter valued at $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the second quarter worth $29,000. Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter worth about $30,000. Finally, Legend Financial Advisors Inc. boosted its holdings in shares of General Dynamics by 46.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after buying an additional 36 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 1.3 %

General Dynamics stock traded down $3.94 during midday trading on Wednesday, reaching $302.05. The stock had a trading volume of 555,694 shares, compared to its average volume of 1,088,419. General Dynamics Co. has a twelve month low of $232.29 and a twelve month high of $312.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market cap of $82.87 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.67 and a beta of 0.61. The firm’s fifty day simple moving average is $299.96 and its two-hundred day simple moving average is $294.48.

General Dynamics (NYSE:GD) last issued its 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). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the business earned $2.70 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. Equities analysts anticipate that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.33%.

Analysts Set New Price Targets

GD has been the subject of a number of research reports. Citigroup lifted their target price on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Susquehanna raised their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Robert W. Baird reissued an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a report on Tuesday, July 2nd. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Seven equities research 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 company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $320.18.

Insider Activity at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.52% of the stock is currently owned by insiders.

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.