Certified Advisory Corp Increases Position in General Dynamics Co. (NYSE:GD)

Certified Advisory Corp raised its position in shares of General Dynamics Co. (NYSE:GD) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,051 shares of the aerospace company’s stock after buying an additional 79 shares during the period. Certified Advisory Corp’s holdings in General Dynamics were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. grew its holdings in shares of General Dynamics by 5.1% in the fourth quarter. Gilbert & Cook Inc. now owns 2,509 shares of the aerospace company’s stock valued at $652,000 after purchasing an additional 122 shares in the last quarter. SageView Advisory Group LLC purchased a new position in General Dynamics in the 4th quarter valued at approximately $653,000. Johnson Financial Group Inc. grew its stake in shares of General Dynamics by 12.5% in the fourth quarter. Johnson Financial Group Inc. now owns 370 shares of the aerospace company’s stock worth $96,000 after acquiring an additional 41 shares in the last quarter. Sculati Wealth Management LLC increased its position in shares of General Dynamics by 12.1% during the fourth quarter. Sculati Wealth Management LLC now owns 5,797 shares of the aerospace company’s stock worth $1,505,000 after acquiring an additional 627 shares during the period. Finally, 3Chopt Investment Partners LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at $239,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of GD opened at $308.09 on Tuesday. The company’s 50 day simple moving average is $295.24 and its 200-day simple moving average is $291.46. The firm has a market cap of $84.53 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a 12-month low of $214.53 and a 12-month 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.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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 business had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the business posted $2.70 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, equities analysts predict that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared 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 1.84%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were 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 owns 3,592 shares in the company, valued at approximately $1,106,515.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BTIG Research began coverage on General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price for the company. Robert W. Baird restated an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of General Dynamics in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $315.06.

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.