General Dynamics Co. (NYSE:GD) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,018 shares of the aerospace company’s stock after acquiring an additional 389 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in General Dynamics were worth $1,819,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. acquired a new position in General Dynamics in the fourth quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. acquired a new position in General Dynamics during the first quarter worth approximately $29,000. New Covenant Trust Company N.A. purchased a new stake in General Dynamics in the first quarter valued at approximately $29,000. Finally, American Capital Advisory LLC acquired a new stake in shares of General Dynamics in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the subject of several research reports. BTIG Research initiated coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Barclays increased their price objective on General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, Citigroup boosted their target price on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.06.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s 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 sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade 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 is available at the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $299.44 on Monday. General Dynamics Co. has a 1 year low of $232.29 and a 1 year high of $309.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a fifty day moving average price of $297.70 and a 200 day moving average price of $293.71. The stock has a market cap of $82.16 billion, a PE ratio of 24.42, a P/E/G ratio of 1.67 and a beta of 0.61.

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

General Dynamics Announces Dividend

The company 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 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 1.90%. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

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.