Toth Financial Advisory Corp Buys 440 Shares of General Dynamics Co. (NYSE:GD)

Toth Financial Advisory Corp increased its stake in shares of General Dynamics Co. (NYSE:GD) by 2.0% during the 3rd quarter, Holdings Channel reports. The fund owned 22,359 shares of the aerospace company’s stock after acquiring an additional 440 shares during the period. Toth Financial Advisory Corp’s holdings in General Dynamics were worth $6,757,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GD. Arlington Partners LLC grew its stake in General Dynamics by 27.8% in the third quarter. Arlington Partners LLC now owns 14,173 shares of the aerospace company’s stock valued at $4,283,000 after acquiring an additional 3,080 shares during the period. Allspring Global Investments Holdings LLC grew its position in General Dynamics by 2.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 152,988 shares of the aerospace company’s stock valued at $46,233,000 after purchasing an additional 2,934 shares during the period. Vest Financial LLC grew its position in General Dynamics by 14.7% in the 3rd quarter. Vest Financial LLC now owns 171,891 shares of the aerospace company’s stock valued at $51,945,000 after purchasing an additional 22,017 shares during the period. Pure Portfolios Holdings LLC bought a new stake in General Dynamics during the 3rd quarter valued at $279,000. Finally, Raymond James & Associates raised its holdings in General Dynamics by 5.1% during the third quarter. Raymond James & Associates now owns 463,447 shares of the aerospace company’s stock worth $140,054,000 after buying an additional 22,361 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GD has been the subject of several recent research reports. 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. Robert W. Baird reissued an “outperform” rating and set a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. BTIG Research assumed coverage on General Dynamics in a research report on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price on the stock. Finally, Wells Fargo & Company lowered General Dynamics from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $334.00 to $317.00 in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.18.

Insiders Place Their Bets

In other news, Director Peter A. Wall sold 1,320 shares of the business’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 owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock traded down $0.57 on Monday, reaching $307.91. 281,852 shares of the company traded hands, compared to its average volume of 1,086,929. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market capitalization of $84.48 billion, a PE ratio of 25.16, a PEG ratio of 1.67 and a beta of 0.61. The company has a 50 day moving average of $299.34 and a 200 day moving average of $294.30. General Dynamics Co. has a 52 week low of $232.29 and a 52 week high of $310.85.

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

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is presently 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.