General Dynamics Co. (NYSE:GD) Shares Purchased by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,850 shares of the aerospace company’s stock after buying an additional 296 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in General Dynamics were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GD. Eudaimonia Partners LLC purchased a new stake in shares of General Dynamics in the 4th quarter worth about $240,000. Gladstone Capital Management LLP purchased a new stake in shares of General Dynamics in the fourth quarter valued at about $3,869,000. SWP Financial LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $227,000. Sanibel Captiva Trust Company Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $28,107,000. Finally, Evercore Wealth Management LLC lifted its stake in General Dynamics by 1.5% in the 4th quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock valued at $1,391,000 after buying an additional 78 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $301.56 on Tuesday. The business’s fifty day moving average price is $291.07 and its 200 day moving average price is $289.30. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $303.10. 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 stock has a market capitalization of $82.86 billion, a P/E ratio of 24.60, a PEG ratio of 1.60 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.30 by ($0.04). The firm had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 earnings per share. As a group, research analysts anticipate that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a $1.42 dividend. 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 payout ratio is currently 46.33%.

Analyst Ratings Changes

GD has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a research report on Thursday, July 25th. Wells Fargo & Company lifted their price objective on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Robert W. Baird restated an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a report on Tuesday, July 2nd. Barclays raised their price target on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, BTIG Research began coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $315.06.

General Dynamics 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.