Brady Family Wealth LLC Sells 179 Shares of General Dynamics Co. (NYSE:GD)

Brady Family Wealth LLC trimmed its stake in General Dynamics Co. (NYSE:GD) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,534 shares of the aerospace company’s stock after selling 179 shares during the period. Brady Family Wealth LLC’s holdings in General Dynamics were worth $4,090,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its stake in shares of General Dynamics by 16.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,481 shares of the aerospace company’s stock valued at $387,000 after acquiring an additional 209 shares during the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the 4th quarter valued at $33,000. Richardson Financial Services Inc. acquired a new position in General Dynamics in the fourth quarter worth $25,000. SageView Advisory Group LLC bought a new stake in shares of General Dynamics during the fourth quarter worth $653,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of General Dynamics in the fourth quarter valued at about $78,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 0.5 %

Shares of NYSE:GD opened at $300.29 on Wednesday. The company has a 50 day moving average price of $298.33 and a two-hundred day moving average price of $293.97. The company has a market capitalization of $82.39 billion, a PE ratio of 24.49, a PEG ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a 52 week low of $232.29 and a 52 week high of $309.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 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 analyst estimates of $11.46 billion. During the same period in the previous year, the business posted $2.70 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Analysts forecast that General Dynamics Co. will post 14.38 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.89%. General Dynamics’s dividend payout ratio is presently 46.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. BTIG Research assumed coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Barclays increased their price objective on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $319.06.

Insiders Place Their Bets

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 shares were 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 in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.52% of the company’s stock.

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.