General Dynamics Co. (NYSE:GD) Holdings Raised by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. grew its stake in shares of General Dynamics Co. (NYSE:GD) by 11.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,828 shares of the aerospace company’s stock after acquiring an additional 831 shares during the period. Jamison Private Wealth Management Inc.’s holdings in General Dynamics were worth $2,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Dover Advisors LLC lifted its stake in General Dynamics by 74.6% in the third quarter. Dover Advisors LLC now owns 3,257 shares of the aerospace company’s stock valued at $984,000 after acquiring an additional 1,392 shares during the last quarter. SWS Partners raised its holdings in shares of General Dynamics by 39,352.6% during the 3rd quarter. SWS Partners now owns 7,496 shares of the aerospace company’s stock valued at $2,265,000 after purchasing an additional 7,477 shares in the last quarter. Norway Savings Bank lifted its stake in shares of General Dynamics by 7.2% in the 3rd quarter. Norway Savings Bank now owns 3,809 shares of the aerospace company’s stock valued at $1,151,000 after purchasing an additional 256 shares during the last quarter. NBC Securities Inc. boosted its holdings in General Dynamics by 0.5% in the third quarter. NBC Securities Inc. now owns 8,692 shares of the aerospace company’s stock worth $2,626,000 after purchasing an additional 47 shares in the last quarter. Finally, Creative Planning increased its position in General Dynamics by 4.2% during the third quarter. Creative Planning now owns 46,948 shares of the aerospace company’s stock worth $14,188,000 after buying an additional 1,906 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on GD. Robert W. Baird reiterated an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. BTIG Research began coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of General Dynamics in a research report on Thursday, July 25th. Seven investment 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 stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $319.06.

General Dynamics Stock Performance

GD opened at $300.29 on Wednesday. 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 current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The stock has a market cap of $82.39 billion, a PE ratio of 24.49, a P/E/G 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 results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). The business had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $2.70 EPS. Sell-side analysts forecast that General Dynamics Co. will post 14.38 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is 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.