General Dynamics Co. (NYSE:GD) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its position in shares of General Dynamics Co. (NYSE:GD) by 255.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,718 shares of the aerospace company’s stock after buying an additional 3,389 shares during the period. CreativeOne Wealth LLC’s holdings in General Dynamics were worth $1,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC purchased a new position in General Dynamics in the fourth quarter valued at about $25,000. Richardson Financial Services Inc. purchased a new position in General Dynamics in the fourth quarter valued at about $25,000. Redmont Wealth Advisors LLC purchased a new position in General Dynamics in the first quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics during the first quarter valued at about $29,000. Finally, Legend Financial Advisors Inc. grew its stake in shares of General Dynamics by 46.8% during the first quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 36 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

GD stock traded up $0.14 during midday trading on Friday, reaching $291.12. The company had a trading volume of 608,889 shares, compared to its average volume of 1,069,174. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $292.82 and a 200 day moving average price of $281.91. General Dynamics Co. has a fifty-two week low of $214.53 and a fifty-two week high of $302.75. The firm has a market capitalization of $79.87 billion, a PE ratio of 23.75, a P/E/G ratio of 1.63 and a beta of 0.60.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the firm posted $2.70 EPS. Analysts anticipate that General Dynamics Co. will post 14.54 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.95%. General Dynamics’s payout ratio is 46.33%.

Analyst Upgrades and Downgrades

GD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on General Dynamics from $324.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and raised their target price for the company from $305.00 to $335.00 in a research note on Monday, April 29th. Susquehanna raised their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Sanford C. Bernstein raised their target price on General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. Finally, The Goldman Sachs Group raised their target price on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $311.33.

Insider Buying and Selling

In related news, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the sale, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the sale, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon Rudy F. De sold 2,570 shares of General Dynamics stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the transaction, the director now owns 5,518 shares in the company, valued at approximately $1,589,184. The disclosure for this sale can be found here. Insiders have sold a total of 68,636 shares of company stock valued at $20,209,317 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Company 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.