Atomi Financial Group Inc. Has $666,000 Holdings in General Dynamics Co. (NYSE:GD)

Atomi Financial Group Inc. lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,203 shares of the aerospace company’s stock after buying an additional 61 shares during the quarter. Atomi Financial Group Inc.’s holdings in General Dynamics were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Redmont Wealth Advisors LLC acquired a new stake in General Dynamics in the first quarter worth $25,000. Richardson Financial Services Inc. acquired a new stake in shares of General Dynamics in the 4th quarter valued at about $25,000. American Capital Advisory LLC bought a new stake in General Dynamics in the 2nd quarter valued at about $29,000. Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the 3rd quarter worth approximately $30,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in General Dynamics in the first quarter worth approximately $29,000. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 3,592 shares of the company’s stock, 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 document filed with the SEC, which is available through the SEC website. 1.52% of the stock is owned by insiders.

General Dynamics Stock Up 0.6 %

Shares of NYSE GD opened at $298.69 on Thursday. The business has a 50-day simple moving average of $297.51 and a two-hundred day simple moving average of $293.32. General Dynamics Co. has a 52 week low of $232.29 and a 52 week high of $309.97. The company has a market cap of $81.95 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.68 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.30 by ($0.04). The firm 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 company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.70 EPS. Research analysts anticipate that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.90%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Analyst Upgrades and Downgrades

GD has been the subject of several recent research reports. Robert W. Baird restated an “outperform” rating and set a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. BTIG Research began coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a report on Thursday, July 25th. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Barclays lifted their price objective 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. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $317.06.

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.