Bogart Wealth LLC Acquires 161 Shares of General Dynamics Co. (NYSE:GD)

Bogart Wealth LLC increased its stake in General Dynamics Co. (NYSE:GD) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,946 shares of the aerospace company’s stock after purchasing an additional 161 shares during the period. Bogart Wealth LLC’s holdings in General Dynamics were worth $6,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GD. Redmont Wealth Advisors LLC bought a new stake in General Dynamics during the first quarter worth about $25,000. MFA Wealth Advisors LLC lifted its position in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in General Dynamics in the 1st quarter worth approximately $29,000. American Capital Advisory LLC purchased a new stake in General Dynamics in the second quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics during the third quarter worth approximately $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GD. 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 price objective for the company. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Susquehanna boosted their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada raised their price target on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $321.06.

General Dynamics Trading Down 0.6 %

General Dynamics stock traded down $1.72 during mid-day trading on Thursday, reaching $302.68. 265,440 shares of the company traded hands, compared to its average volume of 1,089,040. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. General Dynamics Co. has a 52-week low of $236.58 and a 52-week high of $313.11. The firm has a market capitalization of $83.04 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 1.67 and a beta of 0.61. The firm’s 50 day moving average price is $300.17 and its 200 day moving average price is $294.55.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. General Dynamics’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts anticipate 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. Stockholders of record on Friday, October 11th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is presently 46.33%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the 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 completion of the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. This represents 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 link. 1.52% of the stock is currently owned by corporate 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.