KG&L Capital Management LLC Makes New $202,000 Investment in General Dynamics Co. (NYSE:GD)

KG&L Capital Management LLC bought a new position in General Dynamics Co. (NYSE:GD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 670 shares of the aerospace company’s stock, valued at approximately $202,000.

Several other hedge funds have also bought and sold shares of the stock. CWC Advisors LLC. purchased a new position in General Dynamics during the 3rd quarter valued at approximately $771,000. Kingsview Wealth Management LLC increased its position in General Dynamics by 87.6% in the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after purchasing an additional 6,858 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in General Dynamics during the first quarter valued at $493,000. Peak Financial Advisors LLC bought a new position in General Dynamics during the third quarter valued at $3,022,000. Finally, Cetera Investment Advisers grew its position in General Dynamics by 291.4% in the first quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after acquiring an additional 71,871 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of several analyst reports. Barclays raised their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company lifted their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their target price on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Activity at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on 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 owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Stock Up 0.2 %

NYSE:GD opened at $293.60 on Tuesday. The firm has a market cap of $80.73 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.61. The company has a 50-day moving average of $300.88 and a 200 day moving average of $295.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. General Dynamics Co. has a 1-year low of $238.31 and a 1-year high of $313.11.

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

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.93%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

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.