General Dynamics Co. (NYSE:GD) Stock Holdings Increased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its holdings in shares of General Dynamics Co. (NYSE:GD) by 26.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,976 shares of the aerospace company’s stock after buying an additional 2,284 shares during the period. J.W. Cole Advisors Inc.’s holdings in General Dynamics were worth $3,317,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC acquired a new position in shares of General Dynamics in the first quarter worth about $25,000. MFA Wealth Advisors LLC lifted its position in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in General Dynamics in the 1st quarter worth approximately $29,000. American Capital Advisory LLC purchased a new position in General Dynamics during the 2nd quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in General Dynamics during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred 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 directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.4 %

Shares of General Dynamics stock opened at $302.52 on Monday. General Dynamics Co. has a 12-month low of $236.58 and a 12-month high of $313.11. The stock has a market capitalization of $83.13 billion, a P/E ratio of 23.60, a PEG ratio of 1.72 and a beta of 0.61. 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 stock has a 50 day moving average price of $300.40 and a two-hundred day moving average price of $294.74.

General Dynamics (NYSE:GD) last posted its 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 firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 earnings per share. Equities analysts expect that General Dynamics Co. will post 14.27 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced 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 of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.88%. General Dynamics’s payout ratio is 44.31%.

Analysts Set New Price Targets

A number of equities research analysts have commented on GD shares. Robert W. Baird restated an “outperform” rating and set a $345.00 price objective on shares of General Dynamics in a research report on Tuesday, July 2nd. Susquehanna boosted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their target price on shares of General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, Citigroup increased their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.88.

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.