Waldron Private Wealth LLC Invests $202,000 in General Dynamics Co. (NYSE:GD)

Waldron Private Wealth LLC bought a new position in General Dynamics Co. (NYSE:GD) in the second quarter, HoldingsChannel reports. The fund bought 697 shares of the aerospace company’s stock, valued at approximately $202,000.

A number of other institutional investors also recently bought and sold shares of the company. Modera Wealth Management LLC lifted its position in shares of General Dynamics by 0.4% during the 2nd quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock valued at $2,356,000 after buying an additional 35 shares in the last quarter. Legend Financial Advisors Inc. lifted its position in General Dynamics by 46.8% in the first quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after buying an additional 36 shares during the last quarter. Diversified Trust Co grew its holdings in General Dynamics by 2.5% during the 1st quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 36 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of General Dynamics by 1.1% in the first quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 37 shares during the last quarter. Finally, Copperwynd Financial LLC increased its position in shares of General Dynamics by 3.7% during the fourth quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 38 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird reissued an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research report on Tuesday, July 2nd. Barclays increased their target price on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $293.00 to $345.00 in a report on Friday, August 9th. 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 General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $315.06.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $299.36 on Monday. The firm has a 50 day moving average of $290.64 and a 200 day moving average of $288.19. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $302.75. The company has a market capitalization of $82.26 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.64 and a beta of 0.60. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.70 EPS. On average, sell-side analysts predict that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.90%. General Dynamics’s payout ratio is 46.33%.

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.