General Dynamics Co. (NYSE:GD) Holdings Raised by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its position in shares of General Dynamics Co. (NYSE:GD) by 15.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,443 shares of the aerospace company’s stock after buying an additional 1,140 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in General Dynamics were worth $2,385,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Eudaimonia Partners LLC acquired a new stake in General Dynamics in the fourth quarter valued at approximately $240,000. Benjamin F. Edwards & Company Inc. boosted its position in General Dynamics by 188.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 40,830 shares of the aerospace company’s stock worth $10,602,000 after purchasing an additional 26,668 shares during the period. Principal Securities Inc. acquired a new position in General Dynamics during the fourth quarter valued at approximately $1,056,000. Gladstone Capital Management LLP bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $3,869,000. Finally, SWP Financial LLC acquired a new stake in shares of General Dynamics in the fourth quarter worth $227,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Up 1.9 %

NYSE GD traded up $5.70 on Wednesday, hitting $298.71. 1,609,396 shares of the stock were exchanged, compared to its average volume of 1,075,666. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a fifty day moving average price of $292.35 and a two-hundred day moving average price of $283.14. The firm has a market capitalization of $82.08 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.66 and a beta of 0.60. General Dynamics Co. has a 52-week low of $214.53 and a 52-week high of $302.75.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share 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 company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the firm earned $2.70 earnings per share. General Dynamics’s quarterly revenue was up 18.0% compared to the same quarter last year. Research analysts forecast that General Dynamics Co. will post 14.51 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s payout ratio is 46.33%.

Insider Transactions at General Dynamics

In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the sale, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP William A. Moss sold 21,050 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $294.85, for a total value of $6,206,592.50. Following the completion of the sale, the vice president now directly owns 16,624 shares of the company’s stock, valued at $4,901,586.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,069 shares of company stock worth $16,295,101. 1.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent analyst reports. Citigroup lifted their price target on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Barclays raised their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company increased their price target on General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.17.

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.