General Dynamics Co. (NYSE:GD) Shares Purchased by Capital Investment Advisors LLC



Capital Investment Advisors LLC boosted its holdings in General Dynamics Co. (NYSE:GD – Get Rating) by 2.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,780 shares of the aerospace company’s stock after buying an additional 220 shares during the quarter. Capital Investment Advisors LLC’s holdings in General Dynamics were worth $1,876,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Costello Asset Management INC acquired a new stake in General Dynamics during the fourth quarter worth about $26,000. Future Financial Wealth Management LLC acquired a new stake in General Dynamics during the fourth quarter worth about $29,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth about $29,000. Wagner Wealth Management LLC increased its stake in General Dynamics by 71.6% during the fourth quarter. Wagner Wealth Management LLC now owns 139 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 58 shares during the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in General Dynamics during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 85.84% of the company’s stock.

Shares of GD opened at $222.33 on Friday. The company has a market capitalization of $61.74 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.81 and a beta of 0.95. General Dynamics Co. has a one year low of $182.66 and a one year high of $254.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50-day moving average price of $227.95 and a 200 day moving average price of $223.43.

General Dynamics (NYSE:GD – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The aerospace company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.12. The firm had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. General Dynamics’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.48 earnings per share. As a group, equities research analysts forecast that General Dynamics Co. will post 12.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Friday, July 1st will be issued a $1.26 dividend. This represents a $5.04 dividend on an annual basis and a yield of 2.27%. The ex-dividend date is Thursday, June 30th. General Dynamics’s dividend payout ratio is currently 43.15%.

In related news, VP Gregory S. Gallopoulos sold 10,644 shares of the stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $237.93, for a total value of $2,532,526.92. Following the completion of the transaction, the vice president now owns 124,605 ​​shares of the company’s stock, valued at $29,647,267.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on General Dynamics from $215.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 2nd. Susquehanna Bancshares increased their target price on General Dynamics from $280.00 to $285.00 in a research note on Thursday, April 28th. Susquehanna increased their target price on General Dynamics from $280.00 to $285.00 in a research note on Thursday, April 28th. Wells Fargo & Company increased their target price on General Dynamics from $235.00 to $282.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Finally, StockNews.com initiated coverage on General Dynamics in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

General Dynamics Company Profile (Get Rating)

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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)



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