General Dynamics Co. (NYSE:GD) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,612 shares of the aerospace company’s stock after selling 235 shares during the period. Bfsg LLC’s holdings in General Dynamics were worth $6,531,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GD. Kingsview Wealth Management LLC boosted its position in General Dynamics by 87.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock valued at $4,150,000 after buying an additional 6,858 shares during the last quarter. Clearbridge Investments LLC purchased a new position in General Dynamics in the first quarter valued at about $493,000. Wealth Enhancement Advisory Services LLC grew its stake in General Dynamics by 2.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 147,736 shares of the aerospace company’s stock valued at $41,734,000 after purchasing an additional 3,531 shares in the last quarter. Cetera Investment Advisers increased its holdings in General Dynamics by 291.4% during the 1st quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after purchasing an additional 71,871 shares during the last quarter. Finally, Peak Financial Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at approximately $3,022,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In related 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 $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.52% of the stock is owned by insiders.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $304.87 on Thursday. General Dynamics Co. has a 52 week low of $232.29 and a 52 week high of $309.97. 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 stock has a market cap of $83.65 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61. The company’s 50-day moving average price is $298.68 and its two-hundred day moving average price is $294.04.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.70 earnings per share. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is presently 46.33%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Citigroup boosted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a report on Thursday, July 25th. Finally, Wells Fargo & Company lowered General Dynamics from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $334.00 to $317.00 in a research report on Tuesday, October 1st. 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 stock. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $319.06.

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.