General Dynamics Co. (NYSE:GD) Stock Position Lifted by Mattern Wealth Management LLC

Mattern Wealth Management LLC grew its stake in shares of General Dynamics Co. (NYSE:GD) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,107 shares of the aerospace company’s stock after purchasing an additional 125 shares during the period. Mattern Wealth Management LLC’s holdings in General Dynamics were worth $3,054,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Banque Cantonale Vaudoise lifted its position in shares of General Dynamics by 1,053.8% in the 1st quarter. Banque Cantonale Vaudoise now owns 150 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 137 shares during the period. Gulf International Bank UK Ltd increased its position in shares of General Dynamics by 8.2% in the first quarter. Gulf International Bank UK Ltd now owns 1,500 shares of the aerospace company’s stock valued at $423,000 after acquiring an additional 114 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of General Dynamics by 8.1% in the first quarter. AdvisorNet Financial Inc now owns 3,604 shares of the aerospace company’s stock valued at $1,018,000 after acquiring an additional 271 shares during the last quarter. Harbor Investment Advisory LLC grew its position in shares of General Dynamics by 4.1% in the first quarter. Harbor Investment Advisory LLC now owns 1,413 shares of the aerospace company’s stock valued at $399,000 after purchasing an additional 55 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in General Dynamics during the first quarter worth $61,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of GD stock traded down $2.58 during trading hours on Tuesday, reaching $305.50. 369,525 shares of the company’s stock were exchanged, compared to its average volume of 1,087,134. General Dynamics Co. has a fifty-two week low of $232.29 and a fifty-two week high of $310.85. The stock has a market capitalization of $83.82 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.67 and a beta of 0.61. The business has a fifty day moving average price of $299.68 and a 200-day moving average price of $294.41. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 net margin of 7.89% and a return on equity of 16.74%. The firm had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the firm posted $2.70 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. Analysts predict that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business’s 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 owns 3,592 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Wells Fargo & Company cut shares of General Dynamics from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $334.00 to $317.00 in a report on Tuesday, October 1st. BTIG Research started coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price for the company. Barclays upped their price target on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.18.

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.