Global Wealth Management Investment Advisory Inc. Grows Position in General Dynamics Co. (NYSE:GD)

Global Wealth Management Investment Advisory Inc. boosted its position in shares of General Dynamics Co. (NYSE:GD) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,949 shares of the aerospace company’s stock after acquiring an additional 317 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in General Dynamics were worth $4,215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in General Dynamics by 40,389.3% during the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock worth $416,876,000 after buying an additional 1,376,065 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of General Dynamics by 2,189.3% in the second quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company’s stock valued at $108,572,000 after buying an additional 357,861 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of General Dynamics by 879.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company’s stock valued at $96,148,000 after buying an additional 305,624 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of General Dynamics by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company’s stock valued at $2,216,599,000 after buying an additional 293,316 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of General Dynamics by 24.2% in the second quarter. Hsbc Holdings PLC now owns 1,347,247 shares of the aerospace company’s stock valued at $391,119,000 after buying an additional 262,164 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Up 0.6 %

GD stock traded up $1.73 during trading on Tuesday, reaching $295.33. 41,547 shares of the stock traded hands, compared to its average volume of 1,092,267. General Dynamics Co. has a 52-week low of $238.31 and a 52-week high of $313.11. The business’s 50 day moving average price is $300.88 and its 200-day moving average price is $295.23. 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 firm has a market capitalization of $81.21 billion, a PE ratio of 22.36, a P/E/G ratio of 1.75 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the previous year, the company earned $3.04 EPS. General Dynamics’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast that General Dynamics Co. will post 13.97 earnings per share for the current year.

General Dynamics Dividend Announcement

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 given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 43.26%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Sanford C. Bernstein reduced their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Royal Bank of Canada upped their target price on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their target price on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction 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 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 legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

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.