Hazlett Burt & Watson Inc. Has $1.45 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Hazlett Burt & Watson Inc. boosted its holdings in General Dynamics Co. (NYSE:GD) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 4,787 shares of the aerospace company’s stock after purchasing an additional 81 shares during the period. Hazlett Burt & Watson Inc.’s holdings in General Dynamics were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MFA Wealth Advisors LLC raised its position in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the period. New Covenant Trust Company N.A. acquired a new stake in General Dynamics during the first quarter worth approximately $29,000. American Capital Advisory LLC acquired a new stake in General Dynamics during the second quarter worth approximately $29,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics during the third quarter worth approximately $30,000. Finally, Beacon Capital Management LLC grew its position in shares of General Dynamics by 1,144.4% in the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Citigroup boosted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein cut their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Wells Fargo & Company raised their target price on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Price Performance

GD stock traded up $1.17 during midday trading on Monday, reaching $294.16. 185,610 shares of the stock were exchanged, compared to its average volume of 1,093,114. General Dynamics Co. has a 52 week low of $238.31 and a 52 week high of $313.11. The company has a fifty day moving average price of $300.83 and a 200 day moving average price of $295.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The stock has a market capitalization of $80.89 billion, a PE ratio of 22.31, a P/E/G ratio of 1.75 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the prior year, the company earned $3.04 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts expect that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.93%. General Dynamics’s dividend payout ratio is 43.26%.

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.