General Dynamics Co. (NYSE:GD) Shares Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC grew its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 60,094 shares of the aerospace company’s stock after acquiring an additional 1,035 shares during the period. NorthCrest Asset Manangement LLC’s holdings in General Dynamics were worth $18,160,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GD. Kingsview Wealth Management LLC raised its position in shares of General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock valued at $4,150,000 after acquiring an additional 6,858 shares in the last quarter. Clearbridge Investments LLC bought a new stake in General Dynamics in the 1st quarter valued at about $493,000. Cetera Investment Advisers grew its position in General Dynamics by 291.4% in the 1st quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after purchasing an additional 71,871 shares during the last quarter. Peak Financial Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter valued at approximately $3,022,000. Finally, Bank of Montreal Can raised its holdings in shares of General Dynamics by 1.0% during the second quarter. Bank of Montreal Can now owns 1,337,726 shares of the aerospace company’s stock valued at $402,375,000 after buying an additional 13,855 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock traded up $1.25 during trading hours on Friday, reaching $302.52. 1,405,397 shares of the stock were exchanged, compared to its average volume of 1,095,718. General Dynamics Co. has a twelve month low of $236.58 and a twelve month high of $313.11. The stock has a 50 day moving average of $300.28 and a two-hundred day moving average of $294.60. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The company has a market cap of $83.00 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 earnings per share. Equities analysts expect that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on GD. Robert W. Baird restated an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Royal Bank of Canada lifted their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup increased their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Finally, Susquehanna upped their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.88.

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.