Creative Financial Designs Inc. ADV Sells 110 Shares of General Dynamics Co. (NYSE:GD)

Creative Financial Designs Inc. ADV reduced its holdings in General Dynamics Co. (NYSE:GD) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,904 shares of the aerospace company’s stock after selling 110 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in General Dynamics were worth $1,482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GD. MFA Wealth Advisors LLC raised its position in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in General Dynamics in the first quarter worth about $29,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the 2nd quarter valued at approximately $29,000. Lowe Wealth Advisors LLC purchased a new position in General Dynamics during the third quarter valued at $30,000. Finally, Beacon Capital Management LLC boosted its position in shares of General Dynamics by 1,144.4% during the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of several research analyst reports. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Susquehanna increased their price target on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Wells Fargo & Company upped their price objective on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Citigroup lifted 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, Sanford C. Bernstein reduced their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Stock Up 0.5 %

NYSE GD opened at $292.99 on Friday. The stock has a 50 day moving average price of $300.83 and a 200-day moving average price of $295.03. General Dynamics Co. has a one year low of $238.31 and a one year high of $313.11. The company has a market capitalization of $80.56 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 earnings per share. As a group, equities analysts predict that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

Insider Activity at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by company insiders.

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.