General Dynamics Co. (NYSE:GD) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its holdings in General Dynamics Co. (NYSE:GD) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,594 shares of the aerospace company’s stock after acquiring an additional 892 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in General Dynamics were worth $12,068,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ieq Capital LLC increased its stake in General Dynamics by 17.0% in the 2nd quarter. Ieq Capital LLC now owns 26,287 shares of the aerospace company’s stock valued at $7,627,000 after buying an additional 3,820 shares during the period. ProVise Management Group LLC increased its stake in General Dynamics by 1.2% in the 2nd quarter. ProVise Management Group LLC now owns 29,384 shares of the aerospace company’s stock valued at $8,525,000 after buying an additional 336 shares during the period. XTX Topco Ltd acquired a new position in General Dynamics in the 2nd quarter valued at $1,370,000. Garner Asset Management Corp increased its stake in General Dynamics by 3.4% in the 2nd quarter. Garner Asset Management Corp now owns 4,149 shares of the aerospace company’s stock valued at $1,204,000 after buying an additional 138 shares during the period. Finally, Altrius Capital Management Inc increased its stake in General Dynamics by 0.3% in the 2nd quarter. Altrius Capital Management Inc now owns 15,999 shares of the aerospace company’s stock valued at $4,642,000 after buying an additional 41 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the transaction, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.52% of the stock is owned by insiders.

General Dynamics Price Performance

General Dynamics stock opened at $306.87 on Friday. The firm has a market capitalization of $84.19 billion, a PE ratio of 25.03, a P/E/G ratio of 1.64 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $294.79 and its 200 day simple moving average is $290.97. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $309.97.

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

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a $1.42 dividend. 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 1.85%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Analyst Ratings Changes

GD has been the topic of several recent research reports. Barclays boosted their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Robert W. Baird restated an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, BTIG Research initiated coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $315.06.

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.