General Dynamics Corporation $GD Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 3.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,760 shares of the aerospace company’s stock after purchasing an additional 1,482 shares during the quarter. HB Wealth Management LLC’s holdings in General Dynamics were worth $15,020,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of General Dynamics during the 3rd quarter worth $25,000. Dagco Inc. acquired a new position in General Dynamics in the fourth quarter valued at $25,000. Burkett Financial Services LLC boosted its holdings in General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Steph & Co. grew its position in General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 30 shares during the period. Finally, Center for Financial Planning Inc. increased its stake in General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.1%

Shares of GD opened at $373.34 on Friday. General Dynamics Corporation has a 12 month low of $292.34 and a 12 month high of $373.60. The stock’s 50-day moving average is $344.97 and its two-hundred day moving average is $348.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. The stock has a market cap of $100.96 billion, a PE ratio of 23.50, a P/E/G ratio of 2.31 and a beta of 0.34.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.66 earnings per share. Equities analysts forecast that General Dynamics Corporation will post 16.63 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s dividend payout ratio is currently 40.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GD shares. Citigroup cut their price objective on General Dynamics from $380.00 to $364.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price target for the company from $380.00 to $400.00 in a report on Thursday, June 11th. JPMorgan Chase & Co. lifted their price target on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $385.00 price objective on shares of General Dynamics in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $388.40.

Insider Activity at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the sale, the executive vice president owned 38,975 shares in the company, valued at $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 78,190 shares of company stock valued at $27,041,022 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.