Capstone Wealth Management Group LLC Lowers Position in General Dynamics Co. (NYSE:GD)

Capstone Wealth Management Group LLC decreased its holdings in shares of General Dynamics Co. (NYSE:GD) by 8.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,274 shares of the aerospace company’s stock after selling 116 shares during the period. Capstone Wealth Management Group LLC’s holdings in General Dynamics were worth $385,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Richardson Financial Services Inc. purchased a new position in shares of General Dynamics in the 4th quarter worth approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in General Dynamics in the first quarter worth $25,000. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of General Dynamics during the first quarter worth $29,000. New Covenant Trust Company N.A. purchased a new stake in shares of General Dynamics during the 1st quarter valued at $29,000. Finally, American Capital Advisory LLC acquired a new stake in shares of General Dynamics in the 2nd quarter worth $29,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $300.29 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $298.33 and its 200-day simple moving average is $293.97. The company has a market cap of $82.39 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a 1-year low of $232.29 and a 1-year high of $309.97.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the business posted $2.70 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm 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 yield of 1.89%. General Dynamics’s dividend payout ratio is presently 46.33%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GD. Barclays raised their price target on General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company cut General Dynamics from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $334.00 to $317.00 in a research note on Tuesday, October 1st. Finally, BTIG Research started coverage on General Dynamics in a report on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.06.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.52% of the stock is owned by 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.