Financial & Tax Architects LLC lessened its holdings in General Dynamics Co. (NYSE:GD – Free Report) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,226 shares of the aerospace company’s stock after selling 1,103 shares during the quarter. Financial & Tax Architects LLC’s holdings in General Dynamics were worth $5,578,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in GD. Modera Wealth Management LLC lifted its holdings in shares of General Dynamics by 0.4% in the second quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock worth $2,356,000 after acquiring an additional 35 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of General Dynamics by 1.8% in the second quarter. Rathbones Group PLC now owns 2,022 shares of the aerospace company’s stock worth $587,000 after acquiring an additional 35 shares during the last quarter. Legend Financial Advisors Inc. raised its holdings in General Dynamics by 46.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after buying an additional 36 shares during the last quarter. Diversified Trust Co raised its holdings in General Dynamics by 2.5% in the 1st quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock valued at $425,000 after buying an additional 36 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in General Dynamics by 1.1% in the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock valued at $932,000 after buying an additional 37 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.
General Dynamics Stock Performance
Shares of GD stock opened at $303.85 on Wednesday. The firm has a 50 day moving average of $293.51 and a 200-day moving average of $290.56. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $309.97. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The company has a market cap of $83.37 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.
General Dynamics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is currently 46.33%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GD. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a report on Thursday, July 25th. Sanford C. Bernstein raised their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Barclays increased their target price on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.06.
Read Our Latest Analysis on GD
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.
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