Rosenberg Matthew Hamilton Raises Stake in General Dynamics Co. (NYSE:GD)

Rosenberg Matthew Hamilton increased its stake in shares of General Dynamics Co. (NYSE:GD) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 691 shares of the aerospace company’s stock after buying an additional 69 shares during the period. Rosenberg Matthew Hamilton’s holdings in General Dynamics were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 58 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics in the first quarter valued at $29,000. American Capital Advisory LLC acquired a new position in shares of General Dynamics during the 2nd quarter worth $29,000. Lowe Wealth Advisors LLC purchased a new stake in shares of General Dynamics in the 3rd quarter worth about $30,000. Finally, Beacon Capital Management LLC increased its holdings in General Dynamics by 1,144.4% during the 1st quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 103 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 1.4 %

GD stock traded down $4.34 during trading on Thursday, reaching $297.03. The stock had a trading volume of 240,118 shares, compared to its average volume of 1,089,232. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average price of $300.83 and a 200 day moving average price of $295.00. The company has a market capitalization of $81.67 billion, a P/E ratio of 24.58, a PEG ratio of 1.72 and a beta of 0.61. General Dynamics Co. has a 1-year low of $237.50 and a 1-year high of $313.11.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $3.04 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that General Dynamics Co. will post 14.27 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 1.91%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.33%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Sanford C. Bernstein reduced their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased 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 note on Thursday, October 3rd. Finally, Susquehanna upped their price objective 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. Seven investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $324.19.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.52% of the company’s stock.

General Dynamics Company 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.