Creative Planning Has $14.19 Million Stake in General Dynamics Co. (NYSE:GD)

Creative Planning increased its position in shares of General Dynamics Co. (NYSE:GD) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,948 shares of the aerospace company’s stock after buying an additional 1,906 shares during the quarter. Creative Planning’s holdings in General Dynamics were worth $14,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Grove Bank & Trust raised its stake in shares of General Dynamics by 10.6% during the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 34 shares in the last quarter. Boston Mountain Money Management Inc. raised its position in General Dynamics by 17.3% during the third quarter. Boston Mountain Money Management Inc. now owns 1,384 shares of the aerospace company’s stock worth $418,000 after acquiring an additional 204 shares in the last quarter. Affinity Wealth Management LLC lifted its stake in General Dynamics by 18.1% in the third quarter. Affinity Wealth Management LLC now owns 856 shares of the aerospace company’s stock valued at $259,000 after acquiring an additional 131 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of General Dynamics in the 3rd quarter valued at about $702,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of General Dynamics by 6.9% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,018 shares of the aerospace company’s stock worth $1,819,000 after acquiring an additional 389 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Robert W. Baird reissued an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company downgraded shares of General Dynamics from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $334.00 to $317.00 in a report on Tuesday, October 1st. Finally, Citigroup raised their target price on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.18.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.1 %

GD stock opened at $308.22 on Tuesday. The firm has a 50-day moving average price of $299.68 and a 200-day moving average price of $294.41. General Dynamics Co. has a 12 month low of $232.29 and a 12 month high of $310.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $84.56 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.70 EPS. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.84%. General Dynamics’s payout ratio is presently 46.33%.

About General Dynamics

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.