General Dynamics Co. (NYSE:GD) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 6.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,609 shares of the aerospace company’s stock after purchasing an additional 99 shares during the period. Aaron Wealth Advisors LLC’s holdings in General Dynamics were worth $467,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of General Dynamics by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock worth $1,351,041,000 after buying an additional 115,063 shares in the last quarter. Sanders Capital LLC grew its stake in General Dynamics by 3.7% during the 4th quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock valued at $1,081,488,000 after acquiring an additional 147,800 shares in the last quarter. Norges Bank purchased a new position in General Dynamics in the 4th quarter worth approximately $728,284,000. Northern Trust Corp boosted its holdings in shares of General Dynamics by 1.1% during the 4th quarter. Northern Trust Corp now owns 2,282,757 shares of the aerospace company’s stock worth $592,764,000 after purchasing an additional 24,395 shares during the last quarter. Finally, Boston Partners grew its position in shares of General Dynamics by 1.4% in the first quarter. Boston Partners now owns 1,680,666 shares of the aerospace company’s stock valued at $474,927,000 after purchasing an additional 23,262 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Argus lifted their price objective on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup raised their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, BTIG Research assumed coverage on shares of General Dynamics in a report on Wednesday, June 26th. They set a “buy” rating and a $345.00 price target for the company. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.06.

General Dynamics Stock Down 0.6 %

NYSE:GD traded down $1.74 during mid-day trading on Wednesday, hitting $294.06. The stock had a trading volume of 1,029,131 shares, compared to its average volume of 1,059,289. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $302.75. The company has a market capitalization of $80.68 billion, a PE ratio of 24.03, a PEG ratio of 1.68 and a beta of 0.60. The stock has a 50-day simple moving average of $290.89 and a two-hundred day simple moving average of $286.73.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the firm posted $2.70 earnings per share. General Dynamics’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities research analysts anticipate that General Dynamics Co. will post 14.5 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

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.