General Dynamics Co. (NYSE:GD) Shares Sold by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC lowered its position in shares of General Dynamics Co. (NYSE:GD) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,034 shares of the aerospace company’s stock after selling 420 shares during the period. ARS Wealth Advisors Group LLC’s holdings in General Dynamics were worth $2,911,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new stake in General Dynamics during the first quarter worth approximately $25,000. MeadowBrook Investment Advisors LLC acquired a new stake in General Dynamics during the 4th quarter worth about $25,000. Richardson Financial Services Inc. purchased a new position in General Dynamics during the fourth quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in General Dynamics during the first quarter valued at $29,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of General Dynamics during the 1st quarter valued at $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.2 %

Shares of NYSE GD traded up $0.64 during trading on Friday, reaching $296.59. The company had a trading volume of 852,433 shares, compared to its average volume of 1,064,823. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $302.75. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $81.37 billion, a P/E ratio of 24.19, a PEG ratio of 1.68 and a beta of 0.60. The company’s fifty day moving average price is $290.81 and its 200-day moving average price is $286.16.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the business posted $2.70 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, research analysts expect that General Dynamics Co. will post 14.5 earnings per share for the current year.

General Dynamics Dividend Announcement

The company 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 dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.92%. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and lifted their price target for the company from $305.00 to $335.00 in a research report on Monday, April 29th. Robert W. Baird reiterated an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $293.00 to $345.00 in a report on Friday, August 9th. Argus boosted their price objective on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, Barclays increased their price objective on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $315.06.

Insider Transactions at General Dynamics

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at approximately $23,630,670.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.52% of the company’s stock.

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.