PFG Investments LLC Buys 160 Shares of General Dynamics Co. (NYSE:GD)

PFG Investments LLC boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,708 shares of the aerospace company’s stock after acquiring an additional 160 shares during the quarter. PFG Investments LLC’s holdings in General Dynamics were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Redmont Wealth Advisors LLC purchased a new stake in shares of General Dynamics during the first quarter valued at approximately $25,000. MFA Wealth Advisors LLC boosted its position in General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the period. New Covenant Trust Company N.A. purchased a new stake in General Dynamics during the 1st quarter valued at $29,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the second quarter valued at about $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics during the third quarter valued at about $30,000. 86.14% of the stock is currently owned by institutional investors.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the business’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 directly owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent analyst reports. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Sanford C. Bernstein reduced their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Citigroup raised their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $323.88.

General Dynamics Stock Performance

Shares of GD opened at $303.92 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $83.51 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.72 and a beta of 0.61. The business’s 50 day moving average price is $300.57 and its 200-day moving average price is $294.86. General Dynamics Co. has a 52 week low of $237.35 and a 52 week high of $313.11.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $3.04 earnings per share. Equities research analysts anticipate that General Dynamics Co. will post 14.27 earnings per share 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 annualized dividend and a yield of 1.87%. General Dynamics’s dividend payout ratio (DPR) 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.