Gladstone Institutional Advisory LLC Has $1.22 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Gladstone Institutional Advisory LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 9.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,047 shares of the aerospace company’s stock after purchasing an additional 350 shares during the period. Gladstone Institutional Advisory LLC’s holdings in General Dynamics were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of GD. CWC Advisors LLC. acquired a new position in General Dynamics during the 3rd quarter valued at $771,000. Kingsview Wealth Management LLC grew its position in General Dynamics by 87.6% during the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after buying an additional 6,858 shares in the last quarter. Clearbridge Investments LLC bought a new position in General Dynamics during the first quarter valued at about $493,000. Peak Financial Advisors LLC acquired a new position in General Dynamics in the 3rd quarter valued at approximately $3,022,000. Finally, Cetera Investment Advisers lifted its position in shares of General Dynamics by 291.4% in the 1st quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after acquiring an additional 71,871 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

GD opened at $292.99 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The stock has a market capitalization of $80.56 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.75 and a beta of 0.61. The company’s 50 day simple moving average is $300.83 and its 200-day simple moving average is $295.10. General Dynamics Co. has a one year low of $238.31 and a one year high of $313.11.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 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 the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.04 earnings per share. Sell-side analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.94%. General Dynamics’s payout ratio is presently 43.26%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GD. Susquehanna boosted their price objective on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Citigroup raised their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Finally, Wells Fargo & Company lifted their price objective on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the transaction, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.52% of the company’s stock.

About General Dynamics

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.