General Dynamics Co. (NYSE:GD) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. grew its holdings in shares of General Dynamics Co. (NYSE:GDGet Rating) by 403.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,355 shares of the aerospace company’s stock after purchasing an additional 1,086 shares during the period. Pittenger & Anderson Inc.’s holdings in General Dynamics were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Certified Advisory Corp purchased a new stake in General Dynamics in the 1st quarter valued at approximately $25,000. Wagner Wealth Management LLC lifted its stake in shares of General Dynamics by 71.6% during the 4th quarter. Wagner Wealth Management LLC now owns 139 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 58 shares during the period. Tyler Stone Wealth Management purchased a new position in shares of General Dynamics during the 4th quarter worth $31,000. Carolinas Wealth Consulting LLC lifted its stake in shares of General Dynamics by 128.2% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 178 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 100 shares during the period. Finally, James Investment Research Inc. purchased a new position in shares of General Dynamics during the 1st quarter worth $37,000. Institutional investors and hedge funds own 86.16% of the company’s stock.

General Dynamics Trading Down 0.0 %

GD stock opened at $228.09 on Friday. General Dynamics Co. has a 52 week low of $188.64 and a 52 week high of $254.99. The company has a market cap of $62.55 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.84 and a beta of 0.86. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $228.38 and a 200-day simple moving average of $229.50.

General Dynamics (NYSE:GDGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The aerospace company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.03. General Dynamics had a return on equity of 19.25% and a net margin of 8.61%. The firm had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the prior year, the firm earned $2.61 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts expect that General Dynamics Co. will post 12.16 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $5.04 annualized dividend and a yield of 2.21%. General Dynamics’s dividend payout ratio is currently 42.64%.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 71,461 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $227.05, for a total transaction of $16,225,220.05. Following the completion of the sale, the chief executive officer now directly owns 781,152 shares in the company, valued at $177,360,561.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GD has been the topic of a number of recent analyst reports. Cowen set a $260.00 price target on General Dynamics in a research note on Tuesday, July 19th. Royal Bank of Canada began coverage on General Dynamics in a research note on Monday, August 29th. They set an “outperform” rating and a $275.00 price target on the stock. Finally, Seaport Res Ptn restated a “buy” rating on shares of General Dynamics in a report on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.38.

About General Dynamics

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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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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