St. Johns Investment Management Company LLC Has $1.04 Million Stock Position in General Dynamics Co. (NYSE:GD)

St. Johns Investment Management Company LLC lowered its stake in General Dynamics Co. (NYSE:GD) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,445 shares of the aerospace company’s stock after selling 196 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in General Dynamics were worth $1,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Redmont Wealth Advisors LLC acquired a new position in General Dynamics during the first quarter worth approximately $25,000. MFA Wealth Advisors LLC increased its position in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in General Dynamics during the first quarter worth approximately $29,000. American Capital Advisory LLC acquired a new position in General Dynamics during the second quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.4 %

Shares of GD opened at $302.52 on Friday. The firm has a 50 day simple moving average of $300.28 and a two-hundred day simple moving average of $294.60. General Dynamics Co. has a one year low of $236.58 and a one year high of $313.11. The company has a market cap of $83.00 billion, a P/E ratio of 24.68, a P/E/G ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80.

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 analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the firm posted $3.04 EPS. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. Research analysts forecast that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GD. Wells Fargo & Company boosted their price target on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Sanford C. Bernstein reduced their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Citigroup boosted their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $323.88.

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.