Lowe Wealth Advisors LLC Makes New $30,000 Investment in General Dynamics Co. (NYSE:GD)

Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 100 shares of the aerospace company’s stock, valued at approximately $30,000.

Several other large investors also recently made changes to their positions in GD. Richardson Financial Services Inc. acquired a new stake in shares of General Dynamics in the fourth quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new stake in General Dynamics during the 1st quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. acquired a new position in General Dynamics during the 1st quarter worth $29,000. New Covenant Trust Company N.A. acquired a new position in General Dynamics during the 1st quarter worth $29,000. Finally, American Capital Advisory LLC acquired a new position in General Dynamics during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD stock opened at $303.92 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a market cap of $83.38 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.68 and a beta of 0.61. The firm has a 50 day simple moving average of $296.90 and a 200 day simple moving average of $292.72. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $309.97.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.70 earnings per share. Research analysts anticipate that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GD. Barclays raised their price target on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Wells Fargo & Company downgraded shares of General Dynamics from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $334.00 to $317.00 in a research report on Tuesday. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $317.06.

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.