Lester Murray Antman dba SimplyRich purchased a new stake in General Dynamics Co. (NYSE:GD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,475 shares of the aerospace company’s stock, valued at approximately $268,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its stake in General Dynamics by 3.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,696 shares of the aerospace company’s stock worth $308,000 after buying an additional 56 shares during the period. Signaturefd LLC increased its stake in General Dynamics by 1.7% during the 2nd quarter. Signaturefd LLC now owns 3,443 shares of the aerospace company’s stock worth $626,000 after buying an additional 59 shares during the period. Capital Investment Advisory Services LLC increased its stake in General Dynamics by 10.2% during the 1st quarter. Capital Investment Advisory Services LLC now owns 657 shares of the aerospace company’s stock worth $111,000 after buying an additional 61 shares during the period. National Asset Management Inc. increased its stake in General Dynamics by 2.1% during the 1st quarter. National Asset Management Inc. now owns 3,029 shares of the aerospace company’s stock worth $513,000 after buying an additional 63 shares during the period. Finally, Bedel Financial Consulting Inc. grew its holdings in General Dynamics by 3.6% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,886 shares of the aerospace company’s stock worth $343,000 after acquiring an additional 65 shares in the last quarter. 87.03% of the stock is currently owned by institutional investors and hedge funds.

In other General Dynamics news, VP Mark Lagrand Burns purchased 159 shares of General Dynamics stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $179.56 per share, for a total transaction of $28,550.04. Following the transaction, the vice president now directly owns 39,643 shares in the company, valued at $7,118,297.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gary L. Whited sold 14,029 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $188.38, for a total transaction of $2,642,783.02. Following the completion of the sale, the vice president now owns 37,542 shares of the company’s stock, valued at approximately $7,072,161.96. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.

Several research firms have commented on GD. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Monday, June 3rd. Cowen reiterated a “buy” rating and set a $202.00 price target on shares of General Dynamics in a report on Wednesday, April 24th. Morgan Stanley boosted their price target on shares of General Dynamics from $171.00 to $173.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. Goldman Sachs Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating and set a $204.00 price target for the company in a report on Sunday, May 19th. Finally, Robert W. Baird boosted their price target on shares of General Dynamics from $188.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $191.47.

Shares of General Dynamics stock traded down $0.46 during trading hours on Tuesday, hitting $187.13. The company had a trading volume of 336,317 shares, compared to its average volume of 1,075,224. The company’s 50-day moving average is $184.04 and its two-hundred day moving average is $174.57. General Dynamics Co. has a twelve month low of $143.87 and a twelve month high of $207.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.09 and a quick ratio of 0.73. The company has a market cap of $53.94 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.09. General Dynamics had a net margin of 8.65% and a return on equity of 26.81%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts expect that General Dynamics Co. will post 11.86 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, October 10th. General Dynamics’s payout ratio is 35.73%.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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