Wealth Enhancement Advisory Services LLC Raises Stake in General Dynamics Co. (NYSE:GD)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,897 shares of the aerospace company’s stock after acquiring an additional 2,791 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of General Dynamics worth $46,810,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GD. PFG Investments LLC lifted its stake in shares of General Dynamics by 10.3% in the 3rd quarter. PFG Investments LLC now owns 1,708 shares of the aerospace company’s stock valued at $516,000 after acquiring an additional 160 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in General Dynamics by 1.8% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 60,094 shares of the aerospace company’s stock worth $18,160,000 after purchasing an additional 1,035 shares during the period. Arkadios Wealth Advisors lifted its position in General Dynamics by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 17,876 shares of the aerospace company’s stock valued at $5,402,000 after purchasing an additional 675 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of General Dynamics by 37.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,629 shares of the aerospace company’s stock valued at $5,291,000 after purchasing an additional 4,779 shares during the period. Finally, BKM Wealth Management LLC grew its holdings in shares of General Dynamics by 12.8% in the third quarter. BKM Wealth Management LLC now owns 6,530 shares of the aerospace company’s stock worth $1,973,000 after purchasing an additional 742 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GD. Susquehanna increased their price target on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Robert W. Baird reissued an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a research note on Tuesday, July 2nd. Wells Fargo & Company upped their price target on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $323.88.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is owned by insiders.

General Dynamics Trading Up 0.4 %

NYSE:GD opened at $302.52 on Friday. The firm has a market capitalization of $83.13 billion, a P/E ratio of 23.60, a PEG ratio of 1.72 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. General Dynamics Co. has a one year low of $236.58 and a one year high of $313.11. The company’s 50-day simple moving average is $300.40 and its 200 day simple moving average is $294.71.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, analysts forecast that General Dynamics Co. will post 14.27 EPS for the current fiscal 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 issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. General Dynamics’s payout ratio is presently 44.31%.

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.