Silvia Mccoll Wealth Management LLC Purchases 226 Shares of General Dynamics Co. (NYSE:GD)

Silvia Mccoll Wealth Management LLC increased its position in General Dynamics Co. (NYSE:GD) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,167 shares of the aerospace company’s stock after acquiring an additional 226 shares during the quarter. General Dynamics comprises about 1.3% of Silvia Mccoll Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Silvia Mccoll Wealth Management LLC’s holdings in General Dynamics were worth $1,499,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GD. MeadowBrook Investment Advisors LLC bought a new stake in General Dynamics during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new stake in General Dynamics during the fourth quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. bought a new stake in General Dynamics during the first quarter valued at approximately $29,000. Legend Financial Advisors Inc. lifted its holdings in shares of General Dynamics by 46.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 36 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $33,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Down 0.8 %

Shares of NYSE:GD traded down $2.25 during midday trading on Monday, reaching $287.89. The company’s stock had a trading volume of 1,430,961 shares, compared to its average volume of 1,058,229. The firm has a 50 day moving average of $294.27 and a 200-day moving average of $278.06. The firm has a market capitalization of $78.99 billion, a P/E ratio of 23.49, a PEG ratio of 1.65 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12-month low of $211.94 and a 12-month high of $302.75.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.64 earnings per share. On average, research analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s payout ratio is 46.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GD shares. Argus boosted their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, April 29th. The Goldman Sachs Group boosted their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Susquehanna boosted their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Finally, BTIG Research began coverage on shares of General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.24.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the transaction, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The disclosure for this sale can be found here. Insiders have sold a total of 118,486 shares of company stock worth $34,391,642 in the last quarter. Corporate insiders own 1.52% of the company’s stock.

General Dynamics 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.