MONECO Advisors LLC Has $483,000 Stock Position in General Dynamics Co. (NYSE:GD)

MONECO Advisors LLC trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,599 shares of the aerospace company’s stock after selling 75 shares during the quarter. MONECO Advisors LLC’s holdings in General Dynamics were worth $483,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in shares of General Dynamics in the first quarter valued at approximately $25,000. MFA Wealth Advisors LLC raised its holdings in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics during the 1st quarter valued at $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics in the third quarter worth $30,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $1,106,515.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.52% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

Shares of GD stock opened at $301.80 on Wednesday. The firm has a market capitalization of $82.99 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.72 and a beta of 0.61. 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 business’s 50-day moving average price is $300.69 and its 200-day moving average price is $294.95. General Dynamics Co. has a 12 month low of $237.35 and a 12 month high of $313.11.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts forecast that General Dynamics Co. will post 14.27 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a $1.42 dividend. The ex-dividend date is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.88%. General Dynamics’s payout ratio is 46.33%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GD shares. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Susquehanna boosted their target price on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup lifted their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird restated an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research note on Tuesday, July 2nd. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.19.

About General Dynamics

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.